> For the complete documentation index, see [llms.txt](https://leverup.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://leverup.gitbook.io/docs/liquidity-layer/mon-lvmon.md). # MON / LVMON The VMMV design allows any token to be used as collateral, with each token managed in its own independent trading pool. LeverUp will initially support USDC/MON as the first collateral option.
The settlement, price stability, and TWAP anchoring mechanisms are fully aligned with LVUSD’s design. You can think of MON as equivalent to USDC, and LVMON as equivalent to LVUSD. LeverUp will not separate different collateral types into distinct markets When the MON/LVMON pair becomes imbalanced in the vault, position settlements will be conducted in LVUSD, and no additional LVMON will be minted beyond the amount of MON circulating in the Vault. {% hint style="info" %} Example Vault: 100 MON LVMON Circulation: 80 LVMON 1 MON = 0.1 USDC (oracle by Pyth) Trader A wins 70 LVMON, he closes the position, received 20 LVMON + 5 LVUSD(50 MON = 5 USD) {% endhint %} {% content-ref url="/pages/mG3aQdEru9ULVbVFBYBm" %} [LVUSD Stablecoin](/docs/liquidity-layer/lvusd-stablecoin.md) {% endcontent-ref %}