# 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.

<figure><img src="/files/abnyFBL47GmKsxAfktYx" alt="" width="563"><figcaption></figcaption></figure>

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 %}


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://leverup.gitbook.io/docs/liquidity-layer/mon-lvmon.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.