❔Frequently Asked Questions (FAQ)

Welcome to the Moniswap Frequently Asked Questions (FAQ) section. Here, we address common queries to provide users, investors, and community members with comprehensive information about the Moniswap ecosystem.

General Questions:

Q1: What is Moniswap?

A1: Moniswap is a next-generation decentralized finance (DeFi) platform that serves as Berachain's central liquidity hub. It combines the best features of Curve, Convex, and Uniswap, introducing innovative mechanisms like the Flywheel and Launchpad for efficient liquidity provision and token launches.

Q2: How does Moniswap differ from traditional exchanges?

A2: Moniswap distinguishes itself through its decentralized nature, algorithmic pricing model, and community-driven governance. Unlike traditional exchanges, Moniswap operates without centralized intermediaries, providing enhanced security, reduced costs, and active community engagement in decision-making.

Liquidity Pools:

Q3: How do I add liquidity to Moniswap pools?

A3: To add liquidity, deposit an equivalent value of two tokens into a designated Moniswap pool. In return, you'll receive LP (Liquidity Provider) tokens representing your share of the pool. These LP tokens can be used to claim rewards.

Q4: Can I withdraw my funds from Moniswap pools?

A4: Yes, liquidity providers can withdraw their funds from Moniswap pools at any time. Upon withdrawal, users receive their initial assets along with any earned fees and $MONI token emissions accrued during their participation.

Governance and $MONI Tokens:

Q5: What is the role of $MONI tokens?

A5: $MONI tokens are the native utility tokens of the Moniswap protocol. They are distributed to liquidity providers through emissions and play a crucial role in governance. $MONI holders can vote on key decisions, shaping the platform's future.

Q6: How are $MONI tokens distributed?

A6: $MONI tokens are distributed through emissions to liquidity providers. Participants holding $MONI tokens can actively vote on governance proposals and decisions, influencing the distribution and direction of the platform.

Moniswap Launchpad:

Q7: What is Moniswap Launchpad?

A7: Moniswap Launchpad is a user-friendly platform for the seamless and equitable distribution of governance tokens. It streamlines the token launch process, making it efficient for project teams and inclusive for token holders.

Q8: How can I participate in token launches on Moniswap Launchpad?

A8: To participate in token launches, users can contribute and vote on proposals related to token projects. This active participation allows users to gain access to governance tokens and influence the launch process.

Auto-Max Lock Feature:

Q9: What is the Auto-Max Lock feature?

A9: The Auto-Max Lock feature allows users to set their $veMONI tokens into an extended lock automatically. This feature ensures a decay-free and stable voting power over an extended period for governance participation.

Q10: How does the Auto-Max Lock benefit users?

A10: Auto-Max Lock benefits users by providing a decay-free mechanism for maintaining stable and significant voting power over an extended duration. It streamlines governance participation, offering a tailored and strategic approach.

Community and Governance:

Q11: How can I actively participate in Moniswap's community and governance?

A11: Active participation involves contributing liquidity, voting on governance proposals, and engaging in discussions within the community channels. $MONI token holders have a direct say in the evolution of the platform.

Q12: Can I propose changes or improvements to Moniswap?

A12: Yes, the decentralized governance structure allows $MONI token holders to propose changes, improvements, or new features to the platform. Engage with the community and submit proposals to actively shape Moniswap's future.

This FAQ section is designed to provide a foundational understanding of Moniswap. For more specific or detailed inquiries, feel free to engage with the community, explore documentation, or reach out to the official channels for support.