According to PANews, Coinbase has disclosed detailed market-making arrangements for the Monad IC0, including the list of market makers, token lending volumes, and execution periods. The Monad issuer, MF Services (BVI) Ltd., has signed token lending agreements with five institutions: CyantArb (50 million MON, 1 month), Auros (30 million MON, 1 month), Galaxy (30 million MON, 1 month), GSR (30 million MON, 1 month), and Wintermute (20 million MON, 1 year). Short-term agreements can be renewed monthly, and a third-party monitoring firm, Coinwatch, will oversee the use and idle balances of the tokens. Additionally, MF Services plans to allocate up to 0.20% of the initial MON supply to provide liquidity support for decentralized exchanges, aiming to enhance tradability and market stability during the token's early listing phase.
Coinbase Discloses Monad IC0 Market-Making Details, Including Token Lending and Monitoring
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