Omnichain

Monroe synthetic USD (RoeUSD) and stablecoins are natively omnichain.

Omnichain Tokens

Omnichain tokens are designed to exist and operate across multiple blockchain networks simultaneously.

Unlike traditional decentralized stablecoins which are native to one specific chain, Monroe stablecoins are Omnichain Fungible Tokens, based on LayerZero OFTv2 standard.

This allows for a single token to be used in various ecosystems without the need for bridging solutions. The primary advantages are interoperability and capital efficiency, as MonUSD can be bridged anywhere without needing liquidity pools, to be used in various DeFi protocols.

For example, MonUSD can be minted against STONE on Manta, or stETH on Ethereum then sent to another chain where the yield is higher or transaction costs are lower.

Benefits

• Interoperability: Designed to work seamlessly across different blockchains without requiring bridges, allowing for wider compatibility across various blockchain networks. Multiple native LST tokens can support Monroe stablecoins.

• Integration Speed: Monroe is able to create partnerships quickly with ecosystems and liquid staking partners without any dependencies.

• Security: Built on LayerZero security, eliminating the necessity for third-party bridges and locked liquidity pools associated with bridge mechanisms, which could pose risks of failure or vulnerability. Omnichain tokens strive to offer a more unified solution, potentially decreasing dependence on third-party bridge services.

• Usability: Provide a smooth user experience by enabling a single standard for transactions across multiple chains, eliminating the need for token wrapping or unwrapping processes.