Overview

Introducing Monet

Introduction

Monet is the native stablecoins protocol of Eden, acting as a decentralized, modular stablecoins protocol with different entities and individuals contributing to its development and adoption. As a result, the documentation refers to different areas of “Monet” which are worth distinguishing.

• Monet Protocol: A decentralized, non-custodial stablecoins protocol implemented for the Ethereum Virtual Machine.

• Monet Interfaces: Multiple web interfaces allowing easy interaction with the Monet Protocol. Those interfaces are ways to interact with the Monet Protocol.

Monet

Monet is a capital-efficient, modular stablecoins protocol native to the Eden blockchain that allows the creation of over-collateralized, decentralized stablecoins. The protocol feeds the Eden ecosystem with a sticky TVL thanks to invested assets backing the stablecoin, making it possible to bootstrap and maintain a TVL over time throughout the entire ecosystem.

The protocol comes with EVM smart contracts which facilitate interactions and integrations.

Overview

Monet is a stablecoins protocol allowing the creation of decentralized, capital-efficient and over-collateralized stablecoins built using a modular & upgradable architecture. The protocol consists of several different modules, which can be added or removed over time, from which stablecoins can be issued or minted. Any type of stablecoin can be deployed on Monet, for instance: USD, EUR, CHF, ETH, BTC, etc..

Monet is licensed under BUSL-1.1 & MIT. Once deployed, Monet will function in perpetuity, provided by the existence of the blockchain and their dependencies.

Key Concepts

Stablecoins in Monet involves:

• Collateralization: Stablecoins are backed by an overcollateralized basket of correlated assets.

• Depeg Protection: The protocol automatically adjusts fees and penalties when an asset deviates from its target value.

• Modularity: The protocol operates through independent minting modules that can be activated or modified over time.

• Open Participation: Anyone can mint or burn stablecoins through the protocol.