The automated market maker is currently in beta development and set to launch in Q3 2021.
Automated market maker MonoX has today announced a debut capital raise of $5 million from venture firms including the likes of Axia8 Ventures, Animoca Brands, Divergence Ventures, among others.MonoX will use the funds to support its ambitions in reducing the capital and liquidity prerequisites for decentralized finance (DeFi) projects offering swap, lending, borrowing and derivative capabilities on decentralized exchanges (DEXes).The protocol will achieve this through the introduction of a single-sided liquidity model. Though not a revolutionary concept for liquidity pools, it will aim to support the DeFi ecosystem’s growth.In traditional DEXes such as Uniswap, industry projects require two tokens to build a “liquidity pair,” increasing the capital barrier for entry. With the single-sided liquidity model, projects are only requir
Źródło: https://cointelegraph.com/news/monox-raise-5m-to-launch-single-token-liquidity-pools
