MonoX Partners with SIL Finance
📣 MonoX is thrilled to announce a key partnership with SIL Finance — a single-sided yield aggregator. SIL Finance is a decentralized automatic investment platform based on smart contracts, focusing on providing users with DeFi financial management services with adventurous functional #NFT farming card add-ons.
As MonoX gears up for a mainnet launch in Q3, we are working hard to build new partnerships that will help develop and grow the MonoX protocol. The concept of MonoX protocol is to build a decentralized exchange that will only require a single liquidity token, as such there are no liquidity pairs for yield farming. Similar to MonoX, SIL Finance is built on the idea of single-sided functionality. Thus, MonoX will be integrating SIL Finance as a yield aggregation platform into our ecosystem, rewarding users accordingly.
This strategic partnership will boost the confidence in the idea of a single liquidity pool and increase our products’ utility upon our product release. MonoX intends to take advantage of our similarities to widen our ecosystem. Thanks to this collaboration, MonoX will work closely with SIL Finance to expand and develop our growing DeFi ecosystem by leveraging MonoX’s focus on capital efficiency and capital incentives to create a level playing field in the DeFi space.
It is our mission to solve the capital inefficiencies caused by liquidity pairs and allow new projects to launch their token with zero extra capital and partnering with SIL Finance will bring value to all participants of the MonoX ecosystem.
MonoX Protocol’s AMM will be released on both Ethereum mainnet and Polygon L2 in Q3. MonoX is working to be the leading protocol for single-side liquidity. Stay tuned for our updates!
MonoX introduces the premier bootstrap decentralized exchange, Monoswap. Project owners can list their tokens without the burden of capital requirements and focus on using funds for building the project instead of providing liquidity.
It works by grouping deposited tokens into a virtual pair with our own vUSD stable coin, to offer a single token pool design.
MonoX will revolutionize the DeFi ecosystem by fixing the capital inefficiencies of current protocol models. With lower trading fees, capital efficiency, and zero-capital token launching — MonoX will expand the capabilities of DeFi.
About SIL Finance
SIL.Finance is a single-sided yield aggregator with adventurous functional #NFT farming card add-ons. It’s a decentralized automatic investment platform based on smart contracts, focusing on providing users with DeFi Financial Management services. SIL provides dual-token liquidity for variable swaps, automatic LP matching, and automatic compound interests. According to factors such as annualized rate of return, safety factor, financial management cycle, etc., it automatically selects and configures products that best suit the interests of users, making complex liquidity mining to become simple.
The SIL’s model is unique on the DeFi market, it’s single-sided functionality is solely contributed by users, the product gives all the possible choices back to the community and is way more open than yield products.
SIL Finance Links
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