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MonolithosDAO is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the Russian Ruble. Resistant to hyperinflation due to its low volatility, MCR offers economic freedom and opportunity to anyone, anywhere.This white paper is a reader-friendly description of the Platform, which is built on the Ethereum blockchain. MonolithosDAO is a full-fledged fork of MakerDAO.
MonolithosDAO is an open-source project on the Ethereum blockchain and a Decentralized Autonomous Organization created in 2020 and based on the MakerDAO Protocol. The project is managed by people around the world who hold its governance token, MDT.Through a system of scientific governance involving Executive Voting and Governance Polling, MDT holders manage the MonolithosDAO Platform and the financial risks of MCR to ensure its stability, transparency, and efficiency. MDT voting weight is proportional to the amount of MDT a voter stakes in the voting contract, DSChief. In other words, the more MDT tokens locked in the contract, the greater the voter's decision-making power.