One Coin, two chains. The End of the PvP era onchain.
SOL: HPcG2DDjb1Dk7dUrvNXka8ZcU5zwnRiSVXZE9bxGhhLZ
ETH: 0x904e720e92fee3ef03636b488b98857b6e4c4c67
5/ We've already shipped many launchpad updates and run test launches.
In every simulation, the Solana side runs ahead. So we're fine-tuning when the MM starts on new launches, so it collects most of the tokens it needs early.
Once Robinhood catches up with the rally, the spread tightens back to 5%.
The 20% is only temporary, so Solana's pump isn't capped while RH catches up.
Solana moves faster than RH. To match prices, the MM had to sell more and more on Solana, slowing the rally. Now the spread can widen to 20% while the MM buys back on RH. Soon: a buy button that picks the cheaper chain for you. Always buy the cheaper side.
Once Robinhood catches up with the rally, the spread tightens back to 5%.
The 20% is only temporary, so Solana's pump isn't capped while RH catches up.
Launchpad tests are going well, and another update is dropping today.
Over the last 24 hours, 78% of the spread has stayed within the 8% range.
You can track the LOOP Market Maker live here:
https://t.co/yVRn39JPNr
Introducing Hype Mode π
When $LOOP pumps hard, our MM steps back and lets it run instead of selling into it.
Once the price holds, it switches back and closes the gap between both chains again.
Pumps run. The MM waits.
1/ Our MM is now fully operational and aims to keep the spread between both chains within 5β10% for now.
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Our website just got updated. Track $LOOP's spread between both chains live:
https://t.co/svMWbSgTp0
4/ Why the spread can widen π
Our MM wallets have rules: they never sell their whole supply at once. Solana usually pumps faster than Robinhood Chain, so the gap can grow for a while, but the MM closes it over time.
We're working on a way to close it faster.
@_chain_wanderer Even with the MM locked, it keeps accumulating. Fees fund the MM first, and once the MM tank hits its target, holders get rewarded. That's the incentive we're adding, step by step. We don't want to make any mistakes, so new features roll out with each update.
@_chain_wanderer We were aware of Twine, but Twine had no anti-rug measures. Right now our MM is still open, but once everything runs smoothly, the MM will be locked permanently. The tokens can't be claimed back, and 100% of them stay locked forever.