Docs · MRC draft

A corridor is live, quoted, or unpriced. The chain decides which.

Henad's corridor registry has three tiers, and the MRC draft proposes them as the convention for onchain FX receipts on Monad. A corridor is live when Monad holds both a reference feed and a venue for the pair, so a payout can settle and its receipt can be attested: USD to GBP, EUR, CHF and JPY today. It is quote when a feed exists on Monad but there is no asset to deliver into, so Henad shows a reference rate and nothing else: CAD and ZAR. It is unpriced when Monad has no feed at all, so no rate is shown and none is invented: naira. The draft is discussed on the Monad forum ↗ before it is filed.