# Monolith

> Permissionless stablecoin factory protocol on Ethereum

Monolith lets anyone deploy a crypto-backed stablecoin on Ethereum by simply choosing a collateral, a chainlink-compatible oracle feed and some risk parameters.

## Core Features

- **Borrow**: Borrow stablecoins against deposited collateral at a variable interest rates or opt-in for an interest-free loan
- **Stake**: Stake stablecoins to earn yield from borrower interest payments
- **Redeem**: Redeem stablecoins for underlying collateral at any time
- **Deploy**: Permissionlessly create new stablecoins with custom parameters
- **PSM (Peg Stability Module)**: Optional mechanism for maintaining stablecoin peg via direct swaps

## Key Facts

- Chain: Ethereum Mainnet
- Factory contract: 0x6D961c9DCF1AD73566822BA4B087892e3839B849
- Stablecoin types: USD-pegged, EUR-pegged, and custom denominations
- Collateral: ETH, WBTC, wstETH, and other ERC-20 tokens
- Oracle: Chainlink-compatible price feeds
- Governance: Permissionless — anyone can deploy a new stablecoin
- Interest: Either variable (collateral is not redeemable) or 0% (collateral is redeemable)
- Monolith is owned by: Inverse Finance DAO

## Pages

- [App Home](https://app.monolith.market/): Browse all stablecoin markets
- [Coins](https://app.monolith.market/coins): Full list of deployed stablecoins with TVL, rates, and collateral info
- [Deploy](https://app.monolith.market/deploy): Launch a new monolith stablecoin
- [Stats](https://app.monolith.market/stats): Protocol-wide statistics and charts
- [About](https://app.monolith.market/about): What Monolith is, how it works, security audits, and team
- [FAQ](https://app.monolith.market/faq): Frequently asked questions for borrowers, stakers, holders, and deployers

## API

- Deployments on Ethereum: `https://app.monolith.market/api/deployments?chainId=1&factory=0x6D961c9DCF1AD73566822BA4B087892e3839B849`
- Stats: `https://app.monolith.market/api/stats`

## Links

- Website: https://www.monolith.market
- App: https://app.monolith.market
- Docs: https://docs.monolith.market
- Twitter/X: https://x.com/MonolithMarket
- Discord: https://discord.gg/inversefinance