General Questions
What is Monolith?
What is Monolith?
Monolith is a decentralized lending protocol that enables users to borrow stablecoins against collateral while maintaining exposure to their assets. Unlike traditional lending platforms, Monolith offers flexible debt positions and dynamic interest rates that adjust based on protocol utilization.
How is Monolith different from other DeFi protocols?
How is Monolith different from other DeFi protocols?
Monolith stands out through several key innovations:
- Flexible Debt Positions: Choose between paid debt (with interest) and free debt (interest-free) based on your risk tolerance
- Dynamic Peg Stability: Automated mechanisms maintain stablecoin peg stability during market volatility
- Community Governance: Decentralized decision-making with immutable upgrade paths
- Cross-Chain Compatibility: Built for multi-chain deployment with consistent interfaces
What are the main risks?
What are the main risks?
As with any DeFi protocol, there are inherent risks:
- Smart Contract Risk: Undiscovered bugs or vulnerabilities
- Liquidation Risk: Positions can be liquidated if collateral value falls
- Market Volatility: Cryptocurrency price movements affect collateral values
- Technical Risks: Network congestion, bridge failures, or oracle manipulation
Is Monolith audited?
Is Monolith audited?
Yes, Monolith has undergone comprehensive security audits by leading blockchain security firms. All audit reports are publicly available in our Security section. Additionally, we maintain an active bug bounty program.
What networks does Monolith support?
What networks does Monolith support?
Monolith is designed for multi-chain deployment. Current and planned networks include:
- Ethereum Mainnet
- Base
- Arbitrum
- Optimism
- Sepolia (testnet)
How do I get started?
How do I get started?
The easiest way to get started is with our Quickstart Guide. For a more comprehensive understanding, we recommend reading through our Guides first.
What is the minimum collateral requirement?
What is the minimum collateral requirement?
Collateral requirements vary by asset and market conditions. The protocol enforces a minimum collateralization ratio (typically 110-150%) to ensure solvency. Check our Protocol documentation for current requirements.
Can I lose my collateral?
Can I lose my collateral?
Yes, if your position becomes undercollateralized, it can be liquidated by other users. Liquidators receive a portion of your collateral as an incentive. Always maintain adequate collateral ratios and monitor your positions.
How can I contribute to Monolith?
How can I contribute to Monolith?
You can contribute in several ways:
- Participate in governance decisions
- Report bugs through our bug bounty program
- Develop integrations or tools
- Help improve documentation
- Join community discussions
What are the tokenomics?
What are the tokenomics?
Monolith’s tokenomics are designed to align incentives:
- Governance tokens for protocol participants
- Fee sharing mechanisms
- Staking rewards for liquidity providers
- Long-term sustainability through protocol-owned liquidity