# Monad

Source: https://developers.bitgo.com/docs/monad

## Overview

Monad is a high-performance Ethereum-compatible L1 blockchain. Monad materially advances the efficient frontier in the balance between decentralization and scalability. Monad improvements address existing bottlenecks while preserving seamless compatibility for app developers (full EVM bytecode equivalence) and users (Ethereum RPC API compatibility).

## Explorer

<a href="https://testnet.monadexplorer.com/" target="_blank" rel="noreferrer">https://testnet.monadexplorer.com/</a>

## Wallets Types

BitGo enables holding Monad in the following wallet types:

|                  | Multisig Cold | Multisig Hot | MPC Cold | MPC Hot |
| ---------------- | ------------- | ------------ | -------- | ------- |
| **Custody**      | ❌            | ❌            | ✅       | ❌      |
| **Self-Custody** | ❌            | ❌            | ✅       | ✅      |

## Ticker Symbols

| Mainnet | Testnet |
| ------- | ------- |
| mon     | tmon    |

## Faucet

You can use a faucet to obtain free testnet Monad for development and testing purposes.

**Faucet:** <a href="https://faucet.quicknode.com/monad/testnet" target="_blank" rel="noreferrer">https://faucet.quicknode.com/monad/testnet</a>


## Units

Each Monad consists of `1,000,000,000,000,000,000` (<code>10<sup>18</sup></code>) wei, so not even a single monad can be stored numerically without exceeding the range of JavaScript numbers. Gas fees use gwei.

- 1 mon = <code>10<sup>18</sup></code> wei
- 1 wei = <code>10<sup>-18</sup></code> mon
- 1 gwei = <code>10<sup>-9</sup></code> mon

For that reason, only string balance properties are available, which are `balanceString`, `confirmedBalanceString`, and
`spendableBalanceString`.

## Tokens

The Monad blockchain natively supports tokens.

## Create Wallet

```shell cURL
export BITGO_EXPRESS_HOST="<YOUR_LOCALHOST>"
export COIN="tmon"
export ACCESS_TOKEN="<YOUR_ACCESS_TOKEN>"
export LABEL="<DESIRED_WALLET_NAME>"
export PASSPHRASE="<YOUR_BITGO_LOGIN_PASSPHRASE>"
export ENTERPRISE_ID="<YOUR_ENTERPRISE_ID>"

curl -X POST \
 http://$BITGO_EXPRESS_HOST/api/v2/$COIN/wallet/generate \
 -H 'Content-Type: application/json' \
 -H "Authorization: Bearer $ACCESS_TOKEN" \
  -d '{
    "label": "'"$LABEL"'",
    "passphrase": "'"$PASSPHRASE"'",
    "enterprise": "'"$ENTERPRISE_ID"'",
    "walletVersion": 4
}'
```
```js JavaScript
bitgo
  .coin('tmon')
  .wallets()
  .generateWallet({
    label: 'My Test Wallet',
    passphrase: 'secretpassphrase1a5df8380e0e30',
    enterprise: '5612c2beeecf83610b621b90964448cd',
    walletVersion: 4,
  })
  .then(function (wallet) {
    // print the new wallet
    console.dir(wallet);
  });
```
## Create Address
```shell cURL
export WALLET="585c51a5df8380e0e3082e46"
export ACCESS_TOKEN="<YOUR_ACCESS_TOKEN>"

curl -X POST \
-H "Authorization: Bearer $ACCESS_TOKEN" \
https://app.bitgo-test.com/api/v2/tmon/wallet/$WALLET/address

```
```js JavaScript
bitgo
  .coin('tmon')
  .wallets()
  .getWallet({ id: '585c51a5df8380e0e3082e46' })
  .then(function (wallet) {
    return wallet.createAddress();
  })
  .then(function (newAddress) {
    // print new address details
    console.dir(newAddress);
  });
```

## Consolidate Balance

Consolidation Fee Source: Monad Gas Tank
Monad uses forwarders, so it does not support manual consolidation

## Estimate Fee
```shell cURL
export COIN="tmon"
export ACCESS_TOKEN="<YOUR_ACCESS_TOKEN>"

curl -X GET \
 https://app.bitgo-test.com/api/v2/$COIN/tx/fee \
 -H 'Content-Type: application/json' \
 -H "Authorization: Bearer $ACCESS_TOKEN"

```
```js JavaScript
const BitGoJS = require('../../../src/index.js');
const bitgo = new BitGoJS.BitGo({ env: 'test' });
const accessToken = '<YOUR_ACCESS_TOKEN>';
const coin = 'tmon';
async function getFeeEstimate() {
  try {
    await bitgo.authenticateWithAccessToken({ accessToken });
    const res = await bitgo.coin(coin).feeEstimate({ numBlocks: 2 });
    console.dir(res);
  } catch (err) {
    console.error('Error fetching fee estimate:', err);
  }
}
getFeeEstimate();
```
## Transact
Withdrawal Fee Source: Wallet Base Address
```shell cURL
export BITGO_EXPRESS_HOST="<YOUR_LOCALHOST>"
export COIN="tmon"
export WALLET_ID="<YOUR_WALLET_ID>"
export ACCESS_TOKEN="<YOUR_ACCESS_TOKEN>"
export ADDRESS="<DESTINATION_ADDRESS>"
export AMOUNT="<AMOUNT_IN_BASE_UNITS>"
export WALLET_PASSPHRASE="<YOUR_WALLET_PASSPHRASE>"

curl -X POST \
 http://$BITGO_EXPRESS_HOST/api/v2/$COIN/wallet/$WALLET_ID/sendcoins \
  -H 'Content-Type: application/json' \
  -H "Authorization: Bearer $ACCESS_TOKEN" \
  -d '{
    "address": "'"$ADDRESS"'",
    "amount": "'"$AMOUNT"'",
    "walletPassphrase": "'"$WALLET_PASSPHRASE"'"
}'
```
```shell cURL (send to many)
export BITGO_EXPRESS_HOST="<YOUR_LOCALHOST>"
export COIN="tmon"
export WALLET_ID="<YOUR_WALLET_ID>"
export ACCESS_TOKEN="<YOUR_ACCESS_TOKEN>"
export ADDRESS_1="<DESTINATION_ADDRESS_1>"
export AMOUNT_1="<AMOUNT_1_IN_BASE_UNITS>"
export WALLET_PASSPHRASE="<YOUR_WALLET_PASSPHRASE>"
curl -X POST \
  http://$BITGO_EXPRESS_HOST/api/v2/$COIN/wallet/$WALLET_ID/sendmany \
  -H 'Content-Type: application/json' \
  -H "Authorization: Bearer $ACCESS_TOKEN" \
  -d '{
    "recipients": [
    {
      "address": "'"$ADDRESS_1"'",
      "amount": "'"$AMOUNT_1"'"
    }
  ],
    "walletPassphrase": "'"$WALLET_PASSPHRASE"'"
}'
```
```js JavaScript
const tx = await fundedWallet.send({
    address: `<DESTINATION_ADDRESS>`,
    amount: `<AMOUNT>`,
    walletPassphrase: process.env.PASSWORD as string,
  });
```
```js JavaScript (send to many)
let params = {
  recipients: [
    {
      amount: "<AMOUNT_1>",
      address: "<DESTINATION_ADDRESS_1>",
    }
  ],
  walletPassphrase: "<YOUR_WALLET_PASSPHRASE>",
};
wallet.sendMany(params).then(function (transaction) {
  // Print transaction details
  console.dir(transaction);
});
```

## Stake

Staking is out of scope for these chains as they don’t have native support for them.

## See Also
- [Create MPC Wallets](/docs/wallets-create-mpc-keys)
- [Trading Overview](/docs/trade-overview)
- [Withdraw from Wallet - Custody MPC](/docs/withdraw-wallet-type-custody-mpc)
- [Withdraw from Wallet - Self-Custody MPC (Manual)](/docs/withdraw-wallet-type-self-custody-mpc-manual)
- [Withdraw from Wallet - Self-Custody MPC (Simple)](/docs/withdraw-wallet-type-self-custody-mpc-simple)