🪙 You can purchase the LAMP SPL20 via @tensor_hq
https://t.co/QisqbTh64F
🔁Swap your NFT to the $lamp SPL token using the migrator built by @LibrePlex
https://t.co/0AYRVsMCGo
📑Guide
https://t.co/A4R4nZDjhZ
-we advise you to use @solflare_wallet to split
Starting this weekend we will be reviewing council application forms and engaging with community members.
Leading to the addition of Chinese members to the Lamp committee.
Expect smoother communication with the community with Chinese members onboard.
Addressing liquidity issues with NFTs through SPL22:
Community vote on LP distribution.
Migration to SPL22 expected to attract more new members to Lamp.
Community's voice crucial; emphasis on LP formation and trading volume.
Call for active participation to raise the LP.
The migration from SPL20->SPL22 would require a liquidity pool raise for the 50k $LAMP SPL20 supply
The following LP mint pricing is proposed below with the total $SOL raised @ 50k LP mints total
You can use the flow diagram used as an example for the @FocsCommunity migration through the @libreplex pipeline
However SPL quantities are different for $LAMP and $FOC
The migration from SPL20->SPL22 would require a liquidity pool raise for the 50k $LAMP SPL20 supply
The following LP mint pricing is proposed below with the total $SOL raised @ 50k LP mints total
The trustless liquidity pool would be created automatically after it is minted out.
After it is minted out LP providers can claim their tokens & the swap migration can begin
See the video below for an in depth explanation if the new @LibrePlex pipelines https://t.co/IP5eO5DC8d
We are launching LibrePlex Pipelines today.
Pipelines allow existing collections / hashlists to be migrated into Liquid Hybrid tokens.
The newly created Hybrids are backed by a trustless liquidity pool with permanently locked liquidity.
More details to follow throughout today.
@whoelsebutSB - thank you for the video production!
What are SPL404/SPL22s and why are will they changed the way NFTs are traded?
SPL404s or "Hybrid NFTs" are a new version token standard of NFTs where NFTs can now be traded as tokens implementing a "defi" element to NFT
How does this change NFT projects?
It increases the liquidity by allowing NFT projects to be traded in token form.
How much impact does this actually make?
Here are datapoints to consider: SOLS a Meme SPL-22 NFT has higher trading volume than the top "NFT" collection on Solana, @MadLads, by over a factor of 10x.
SOLS Coin (only) 24h Volume = $7.7m
Madlads 24h Volume = $640k
How does this actually work with the NFT?
The NFT is now convertible into token form, for example you could change 1 Mad Lad = 1000 Mad Lads token and trade the NFT on both a marketplace & a liquidity pool
Both the token & NFTs have shared liquidity, meaning at times there will be arbitrage opportunities when the token or NFT price runs too high because you can convert between token & NFT.
What are the projects and founders leading the charge here?
Currently @0xmaz_ from @solsniperxyz is leading the charge on SPL22/404s
@mutantmon_sol is leading the charge with the first ever SPL 404 project
We will seeing outsized returns in this space purely from the defi element & gud new tech, people love trading tokens now, and being able to have fast liquidity for NFTs is what most people in the space want.