MonadNov 24, 2025
Closed
Dec 12, 2025
Markets, leverage and the controls available before you enter a position.
Trading charges, discounts and the cost of keeping a position open.
What you can deposit, where funds are held and how you get them back.
Audits, liquidation rules and who can change the system.
Token utility, points and referral programmes available to traders.
Regional restrictions, wallet requirements and ways to use the venue.
LP-free perpetuals protocol on Monad: a Virtual Market Making Vault (VMMV) is the sole counterparty (no external liquidity providers), leverage runs up to 1001x, and the protocol claims 100% of trading fees are redistributed to traders. Geo-restricted to non-US persons per Terms of Use. Has Native Collateral: yes — LVUSD (synthetic USD stablecoin) and LVMON (MON-linked synthetic settlement asset), both minted/managed by the protocol itself