PANews reported on November 11th that, according to official documents released by Coinbase regarding the Monad ICO, this issuance is the first case where a large institution has fully disclosed the list of market makers, funding size, and execution period. The document indicates that Monad issuer MF Services (BVI) Ltd. has signed token lending agreements with five market makers: 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 the third-party monitoring agency Coinwatch will be responsible for verifying the token usage and idle balance of the aforementioned market makers' accounts.

In addition, MF Services plans to use up to 0.20% of the initial MON supply to provide initial liquidity support to some decentralized exchanges, aiming to improve the tradability and market stability of the token in its early stages of listing. This measure is included in the "Ecosystem Development" allocation and is a short-term liquidity injection, still subject to the risks of DeFi market volatility.