MonoX (MONO)

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Basics

History

Audits & Exploits

Bugs/Exploits

Over $31 million stolen, across two chains, via a price manipulation of the project’s native token, MONO. One of the benefits that MonoX claimed their virtual pool model brought was streamlined swap routing. How convenient for today’s hacker who, manipulating a pricing bug, was able to inflate the price of the platform's native token and make a streamlined cash-out into the other deposited tokens. Two attacks hit the protocol in swift succession. First, ~$19.4M was stolen on Polygon and just 17 minutes later, the same attack vector was used on Ethereum, taking a further ~$12M. The protocol’s recently-launched MONO token was used in the exploit. The hacker was able to massively inflate its value owing to a bug in the swapTokenForExactToken code in the Monoswap contract (Polygon, Ethereum).

Both Halborn and Peckshield conducted audits of the Monoswap contract. How did they both miss this simple bug? Was it deliberate, or just careless?"

Governance

Admin Keys

DAO

Treasury

Token

Launch

Token Allocation

Utility

Other Details

Stablecoin

Coin Distribution

Technology

  • Whitepaper or docs can be found [insert here].
  • Code can be viewed [insert here].

Implementations

How it works

From Rekt (30-11-2021):

"A DEX based on Single Token Liquidity pools. Rather than the standard pool model of paired assets deposited by LPs, MonoX pools function by grouping a deposited token “into a virtual pair with our virtual cash stablecoin (vCASH)”.

Fees

Upgrades

Mining

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Oracle Method

Privacy Method

Compliance

Their Other Projects

Roadmap

  • Can be found [Insert link here].

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding and Partners

Team

  • Full team can be found [here].

Funding

Partners

(:

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