The Monad ICO documentation on CEX fully discloses the scale of the market maker's funds and the protocol cycle, with third-party supervision of the market-making Token usage.

On November 11, according to the documentation regarding the Monad ICO on CEX, this Monad ICO may be the first time a large institutional public issuer has disclosed its list of market makers, funding scale, and execution period. The document shows that MF Services (BVI) Ltd. has signed lending agreements with the following market makers, with specific scales and terms as follows: CyantArb: loan scale of 50,000,000 MON, agreement term of 1 month Auros: loan scale of 30,000,000 MON, agreement term of 1 month Galaxy: loan scale of 30,000,000 MON, agreement term of 1 month GSR: loan scale of 30,000,000 MON, agreement term of 1 month Wintermute: loan scale of 20,000,000 MON, agreement term of 1 year with a one-month contract that can be renewed monthly. A third-party monitoring agency (CEXatch) will be responsible for verifying the usage of the borrowed tokens, including the idle balances in the accounts of CyantArb, Auros, Galaxy, and GSR. MF Services (BVI) may also utilize up to 0.20% of the initial total supply of MON to provide initial liquidity for one or more decentralized trading platforms. This move is merely a short-term limited liquidity support aimed at enhancing the accessibility and stability of the token during its early listing phase, but it must bear the inherent risks of the DeFi market. The amounts for market maker lending and liquidity injection are included in the “ecological development” allocation.