bagito

[MonoSwap @monoswapio]

A portion of transaction fees will be reinvested into these rewards, ensuring a continuous supply. Any token rewards not claimed will be rolled over to the following day.

[bagito @KabagitoMo]

amazing

[MonoSwap @monoswapio]

Introducing MonoPass ✨

MonoPass is the gateway to fully unchain the power of MonoChest. All minted MonoPass on Blast Sepolia can be redeemed for MonoChest on Blast mainnet with the possible incentives inside:

- MUSD
- xMONO
- Mainnet MonoPass - stake for boosted yield
- Powerball

You can get an invite to the MonoPass free mint by quote tweeting this post with why you’re bullish on MonoSwap. We are sending out 20 invitation codes to random users in the next 24 hours!

[MonoSwap @monoswapio]

Fyi

[MonoSwap @monoswapio]

We are excited to be a runner-up for the Big Bang competition by @Blast_L2!

Blast ecosystem is on the rise and we are just at the beginning of this yield journey. The following months will be wild and full of amazing concepts that we are going to experiment with on Blast 💥

As a runner-up, MonoSwap is eligible to receive an airdrop from Blast once the Blast Mainnet goes live the week of Feb 26.

Further information about the end of Genesis Testnet, XP snapshot, airdrop distribution, and mainnet launching plan will be announced in the following days!

[MonoSwap @monoswapio]

To enhance your MonoChest experience, there are five types of rarities, each offering a different level of rewards:

- Common Chest
- Uncommon Chest
- Rare Chest
- Epic Chest
- Mythical Chest

Is this gamified enough?

[MonoSwap @monoswapio]

As part of our commitment to the ecosystem, 20% of Ecosystem Funds will be allocated to fund MonoChest.

Additionally, 50% of the MUSD allocated to MonoChest Rewards will contribute to Powerball winnings.

There are no restrictions on the number of chests players can purchase or open daily, though reward limits are in place for security reasons. These limits will gradually be lifted if no exploits are identified.

[MonoSwap @monoswapio]

Our Powerball matching feature adds an extra layer of excitement. Each MonoChest contains a ticket of combination numbers, which users can collect and use during the weekly Powerball spin.

Unclaimed token rewards will roll over to subsequent spins, while unclaimed tickets will be burned after each draw.

[MonoSwap @monoswapio]

Introducing MonoPass ✨

MonoPass is the gateway to fully unchain the power of MonoChest. All minted MonoPass on Blast Sepolia can be redeemed for MonoChest on Blast mainnet with the possible incentives inside:

- MUSD
- xMONO
- Mainnet MonoPass - stake for boosted yield
- Powerball

You can get an invite to the MonoPass free mint by quote tweeting this post with why you’re bullish on MonoSwap. We are sending out 20 invitation codes to random users in the next 24 hours!

[MonoSwap @monoswapio]

At this point, "100% of Blast Developer Airdrop goes to users" sounds cool, but still seems a bit vague.

That's why we have come up with the tokenomics flow with a clear visualization of how MonoSwap is leveraging @Blast_L2's native yield, gas sharing, and developer airdrop to incentivize our community in the long run.

A thread 🧵

[MonoSwap @monoswapio]

The below illustration shows how selling MUSD promotes price growth:

[MonoSwap @monoswapio]

How MUSD is solving the pain point of Elastic Tokens?

When collateral increases, many elastic tokens increase the supply to maintain the peg or let it be overcollateralized. And when collateral decreases, many elastic tokens have to lower the supply again to maintain the peg.

📍 Here is where things started to get interesting: The value of MUSD is calculated by taking the total collateral and dividing it by the total circulating supply.

[MonoSwap @monoswapio]

The collateral comes from:

1/ Users deposit USDB at the market rate to mint new MUSD. This process is putting new MUSD in circulation.

2/ Part of the fees from transactions on MonoSwap will be converted to USDB and deposited into the collateral to back MUSD. This deposit does not put new MUSD in circulation.

3/ All of Blast’s native yield from ETH, USDB, gas revenue share, and Blast Developer Airdrop will be gathered in the Mono Treasury then converted into USDB and deposited into the collateral to back MUSD, which does not put new MUSD in circulation, too.

[MonoSwap @monoswapio]

An elastic supply (or rebase) token works in a way that the circulating supply expands or contracts due to changes in token price. This increase or decrease in supply works with a mechanism called rebasing.

When a rebase occurs, the token supply is increased or decreased algorithmically, based on the current price of each token. For instance: LUNA-UST.

[bagito @KabagitoMo]

@crypto_strk 0xdda41247c4645f9528de89af4d5810f1a4e9b483

[MonoSwap @monoswapio]

MUSD is our way of giving back the native yield, the gas revenue share from Blast, and Blast Developer Airdrop, along with other sources of revenue, to MonoSwap’s users and supporters.

- MUSD is not pegged to anything nor stablecoins
- With a unique mechanism, MUSD’s price does not go down, and can’t be lower than USDB
- MUSD holds value down to the last holder even when everyone sells out
- The value of MUSD can increase faster after a massive dump
- Anyone can redeem MUSD for USDB at any time
- Value growth is attentively controlled
- There’s no maximum supply

[bagito @KabagitoMo]

million supply only

[MonoSwap @monoswapio]

Introducing MUSD: The Holy Grail for Elastic Tokens

TL;DR: The giga brains at Mono figured out a brand new concept of over-collateralized elastic tokens that could gain double yield compared to Blast's USDB.

Read the full article 🧵 https://t.co/RxcKKe9QiO

[bagito @KabagitoMo]

$$$¢¢¢¢¢$$$$

[MonoSwap @monoswapio]

Introducing MUSD: The Holy Grail for Elastic Tokens

TL;DR: The giga brains at Mono figured out a brand new concept of over-collateralized elastic tokens that could gain double yield compared to Blast's USDB.

Read the full article 🧵 https://t.co/RxcKKe9QiO

[bagito @KabagitoMo]

dont miss this.. about million token only.. this is big

[MonoSwap @monoswapio]

Introducing MUSD: The Holy Grail for Elastic Tokens

TL;DR: The giga brains at Mono figured out a brand new concept of over-collateralized elastic tokens that could gain double yield compared to Blast's USDB.

Read the full article 🧵 https://t.co/RxcKKe9QiO

[MonoSwap @monoswapio]

Introducing MUSD: The Holy Grail for Elastic Tokens

TL;DR: The giga brains at Mono figured out a brand new concept of over-collateralized elastic tokens that could gain double yield compared to Blast's USDB.

Read the full article 🧵 https://t.co/RxcKKe9QiO

[bagito @KabagitoMo]

pls like the post
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