Is Monavo custodial?
No. Monavo is designed as a non-custodial wallet experience. The platform does not take custody of user funds or hold assets in centralized accounts. Users keep control of assets through wallet infrastructure powered by Dynamic.
Frequently asked questions
This page answers common questions about using Monavo as a simple USDT wallet experience on Solana.
Monavo is app-first, powered by Dynamic wallet infrastructure, and designed for holding, sending, and swapping USDT without taking custody of user funds.
Is Monavo a Telegram bot?
No. Monavo is a web app first. Telegram may exist as an optional channel or entry point, but it is not the core product identity or a required onboarding path.
What is Dynamic and how does it work?
Dynamic provides secure wallet access and key management infrastructure for Monavo. It helps provide an app-first wallet experience while keeping Monavo non-custodial.
Why does Monavo focus on USDT?
USDT is one of the most widely used stablecoins globally and is the default stablecoin reference for Monavo. The product is centered around holding, sending, and using USDT on Solana.
Can I use Monavo for transfers, not just swaps?
Yes. Monavo is designed for simple money transfers and everyday wallet use, not only swaps. Users can hold USDT, send USDT, and swap assets when needed.
What does Monavo charge for swaps?
Swaps have a 1% Monavo fee with a $0.01 minimum. Solana gas is covered by Monavo in the supported swap flow. If a required token account needs to be created, an ATA setup cost can apply.
What does Monavo charge for transfers?
Transfers and payments use a small fixed fee, currently about $0.02. Solana gas is covered by Monavo for the transfer flow.
What is an ATA setup fee?
An associated token account, or ATA, is a token-specific Solana account used to receive and hold a specific SPL token. If the required ATA does not exist, it may need to be created once. This is not charged on every transaction.
Do I need SOL for gas?
For supported Monavo flows, gas is covered by Monavo so users do not need to manage SOL only for network fees. Solana still uses SOL at the protocol level, but Monavo abstracts this where applicable.
Are there hidden fees?
No. Monavo is designed around simple transparent pricing. Swap fees, transfer fees, and any required one-time ATA setup are shown before confirmation.
Do I need a crypto wallet to use Monavo?
Yes. Monavo provides wallet access through Dynamic infrastructure so users can use the app as a lightweight non-custodial wallet experience.
What is an associated token account on Solana?
An associated token account is a token-specific account used to store a wallet balance for a specific SPL token. It can be created the first time the wallet receives that token and then reused for future transactions.
Why do swaps sometimes fail?
Swaps can fail when market conditions move outside allowed slippage limits before confirmation, or when liquidity and network conditions change during processing. In those cases, assets remain in your wallet because the swap was not executed.
How fast are swaps on Solana?
Most swaps confirm within a few seconds, depending on network activity and validator performance. Solana is designed for high throughput and low latency, which typically makes execution faster than many other networks.