Mondrian Swap

Mondrian Swap is a community DEX on Abstract that went live in February 2025, reusing Balancer V2's weighted and stable pool framework. Rather than two-asset constant product pools only, it supports custom weights such as 80/20 or 50/50 so liquidity providers tune their exposure, while stablecoin trades route through a low-slippage stable curve.

Governance uses vote-escrowed NFTs: users lock LP tokens for veNFTs, and voting power directs each epoch's emissions to chosen pools, with 30% of protocol fees paid to veMOND holders. Swap fees and stable-pool amplification sit with a multisig and can be adjusted with market conditions to avoid dead pools. Pools are owned by the protocol multisig, new ones arrive through freshly deployed factory contracts, and live pools are not upgraded in place. On-chain data shows about 3,555 dollars of TVL, against a peak near 113,500 dollars in February 2025.