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Introduction to Monaco Protocol

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What is Monaco Protocol?

Monaco Protocol is a high-performance global trading network for spot and perpetual markets, designed to provide institutional-grade trading infrastructure for decentralized applications. It combines off-chain order matching with on-chain settlement, enabling builders to integrate sophisticated trading capabilities into their applications.

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Why Monaco Protocol?

Whether you’re building a trading application or trading directly via our SDK, Monaco Protocol provides institutional-grade infrastructure without the complexity:
  • No Infrastructure Overhead: No need to run matching engines, indexers, or maintain order books
  • Professional Order Matching: Price-time priority matching with support for LIMIT and MARKET orders
  • Advanced Execution Controls: Time-in-force options (GTC, IOC, FOK) for precise trade execution
  • Competitive Fee Structure: 5 bps base taker fee, -1 bps maker rebate (applications can add their own taker fees on top and keep 100%)
  • Real-time Market Data: WebSocket streams for live order updates, order book depth, and OHLCV candlestick data
  • Flexible Integration: REST API, TypeScript SDK, and direct smart contract interaction options
  • Customizable for Applications: Frontend builders can set custom taker fees and get dedicated vault isolation

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Trading Fees

Monaco Protocol offers a competitive fee structure designed to incentivize liquidity provision:
  • Taker Fee: 5 bps (0.05%) — charged when you take liquidity from the order book
  • Maker Rebate: -1 bps (-0.01%) — earned when you provide liquidity by placing limit orders
This means makers are rewarded for adding liquidity to the order book, while takers pay a minimal fee for immediate execution. Note that this fee structure is subject to change in the future.

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PitPass

PitPass is Monaco’s incentives program — giving builders and traders a way to earn from the activity they bring to the protocol. BuilderCodes lets front-ends earn on the volume they route, and TraderCodes lets traders earn on the activity they refer.

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BuilderCodes: Build & Earn

Building on Monaco? Earn Revenue at the same time. BuilderCodes enable front-end builders turn a trading experience into direct revenue.

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There are two ways to earn:

  • Your Fees, Your Pocket: Front-ends can add maker and taker fees (≥ 0 bps) in addition to Monaco’s base fee structure, all of which accrues to the front-end.
  • Protocol Revenue Rebates: Front-ends earn additional rewards proportional to the amount of volume and order-flow they route through Monaco: this comes completely from the Monaco base fees.

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TraderCodes: Share & Earn

Trade together, earn together. Every Monaco user can claim a unique TraderCode to share (similar to a referral link). When another user signs up with this code, the referrer earns a fraction of the points they generate; it’s that simple!

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Why share a TraderCode?

  • Earn from 3 levels deep: Users earn a percentage of rewards from direct referrals, their referrals, and even their referrals (30% → 15% → 5%)
  • Points hit your account instantly: No waiting, no delays
  • No limits: Users can invite as many friends as they want, and are rewarded for introducing active traders

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Use Cases

Monaco Protocol powers various trading applications:
  • DEX Frontends: Build a full-featured decentralized exchange
  • Portfolio Management Tools: Create trading dashboards and analytics
  • Trading Bots: Algorithmic trading with low-latency order execution
  • Market Making: Professional market making with limit orders
  • Aggregators: Integrate Monaco liquidity into multi-source trading platforms
  • Mobile Trading Apps: Real-time trading experiences via WebSocket feeds

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Next Steps

Ready to start building? Choose your path:

Quickstart Guide

Get up and running in 5 minutes

Build on Monaco

Step-by-step guide to building a trading interface

Authentication

Learn about frontend and backend auth flows

API Reference

Explore the complete API documentation

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Support & Resources

Monaco Protocol - Institutional-grade trading infrastructure for the decentralized web