One Coin, two chains. The End of the PvP era onchain.
SOL: HPcG2DDjb1Dk7dUrvNXka8ZcU5zwnRiSVXZE9bxGhhLZ
ETH: 0x904e720e92fee3ef03636b488b98857b6e4c4c67
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 ๐
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 5โ10% for now.
๐
Our website just got updated. Track $LOOP's spread between both chains live:
https://t.co/svMWbSgTp0
4/ Why the spread can widen ๐
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.
Quick update ๐
We're improving the MM with every move in volatility and keep both sides refilled. $LOOP is holding one price on both chains.
The MM gets an update every hour, and the spread tightens with each one.
More improvements soon.
Thank you for all your patience!
What we want to achieve with $LOOP ๐
End the PvP and vamp attacks, and give real devs a chance to push their project.
Your own MM holds your tokens, locked. It sells slowly into pumps and pays you hourly.
Launching costs something. Real devs build for the long term.
Keep in mind: onchain, $LOOP is far more volatile than in our simulations.
Sorry for the delays. We'd rather take the time and get it right this time.
The rest you'll see when it opens!
Update ๐
Our MM has been running for 24h. One last MM update ships today, then we'll monitor $LOOP's volatility over the next few days.
The Launchpad could reopen anytime, depending on volume, with 3 launch models, including one with your own MM.
How the Loop Launchpad will work:
1. Pick one of 3 launch models
2. Launch with the Vault or self-funded
3. Your coin goes live on Solana and Robinhood Chain at the same price
4. Our MM keeps it in sync and supports the chart
Self-funded earns more from its token. More soon ๐
MM operations go back live within the hour.
We're pausing the Factory while we test the MM on $LOOP and monitor it closely.
Once that's done, the Factory (Launchpad) reopens, and you'll be able to launch with different pools, with the option to run your own MM (locked).