🟪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.
💲LVUSD StablecoinLast updated