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The Monad ICO Document on Coinbase fully discloses the liquidity provider's fund size and agreement duration, with third-party oversight ensuring the proper use of the liquidity provision tokens.

2025.11.11 15:24:40

November 11th. Based on the documentation on Coinbase regarding the Monad ICO, this Monad ICO might be the first instance where a large institution publicly revealed its market maker list, funding scale, and execution period. The documentation indicates that MF Services (BVI) Ltd. has entered into a loan agreement with the following market makers, along with specific sizes and terms as follows: CyantArb: Loan amount 50,000,000 MON, agreement duration 1 month. Auros: Loan amount 30,000,000 MON, agreement duration 1 month. Galaxy: Loan amount 30,000,000 MON, agreement duration 1 month. GSR: Loan amount 30,000,000 MON, agreement duration 1 month. Wintermute: Loan amount 20,000,000 MON, agreement duration 1 year. The contracts are for a one-month period and can be renewed on a monthly basis. A third-party monitoring agency (Coinwatch) will be responsible for verifying the utilization of the borrowed tokens, including the idle balances in the CyantArb, Auros, Galaxy, and GSR accounts. MF Services (BVI) may also allocate up to 0.20% of the initial total MON supply to provide initial liquidity to one or more decentralized exchanges. This is merely intended as short-term limited liquidity support to enhance the accessibility and stability of the token's initial listing but comes with inherent DeFi market risks. The amounts for market maker loans and liquidity injections are included in the "Ecosystem Development" allocation.
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