Excited to drop Episode 0 of the Parsec Podcast
We brought on @will__price to talk about @LockeProtocol
We discussed the history of on chain token launches, MEV mitigations and novel use cases for streaming auctions - enjoy!
https://t.co/qj8RxyG6pB
This is an ugly mess of a token distribution.
We built @LockeProtocol with one goal in mind: to avoid outcomes like this, which are unfortunately common.
If you're a protocol/DAO looking to do better, please DM @will__price or me, and join our discord: https://t.co/y6B6iVcfkl
Liquidity Bootstrap Auction via @LockeProtocol:
create escrow contract with 100 SHARE tokens
stream 1: 50 SHARE for ETH
stream 2: 50 SHARE for TKN
escrow uses proceeds to mint ETH/TKN LP shares
users can burn SHARE to receive LP shares
(after optional lockup period)