A quick post explaining @bootstrapliq's tech powering $POOL:
How it works:
On Bootstraps platform you can configure the tokenomics at launch. They enable you to choose which % of creator fees goes to the LP vs team allocation.
In $POOL's case, I set the % to 100% for the thickest possible liquidity pool.
You can also toggle how often the creator rewards get collected and reinjected to the LP.
For $POOL I set it to 30 minutes to actively compound.
To summarize, Bootstrap is a liquidity compounding mechanism you can apply to tokens in order to give them deeper, healthier liquidity. On $POOL based on the mechanics I set, we are compounding liquidity every 30 minutes, automatically, forever.
It has already done its job very well injecting over 70 sol back into our $POOL in less than 6 hours.
The mechanics are locked, immutable and the $POOL deepens forever.
Just a quick update:
So far I've:
- Designated mods
- Cleaned up spam
- Provided on-chain proof of the @bootstrapliq mechanism actively working
Next I will be making the website numbers 100% accurate in real-time and adding a monitoring section so anyone can verify the LP compounding on-chain for themselves (you can click on each solscan transaction).
I will also provide a write up shortly explaining Bootstraps technology and why it is advantageous to $POOL.
So far the dev wallet has bought back and reinjected an exact total of 64.886 SOL back to the liquidity pool.
This means our LP has an increased thickness of $5326.17 USD all just within 2 hours of launch.
Now imagine what that looks like at 1 million marketcap, 2 million, 5 million, and so forth.
Hi everyone,
Just wanted to give a quick update. The LP compounding mechanism is actively working, collecting, buying back and adding to the liquidity pool every 30 minutes.
I'm working on updating some features on the website that aren't displaying correctly like the fees compounded and live activity. I will be setting the live activity to monitor the liquidity pool transactions so you all can see it live in action.
The $POOL gets deeper.
Again, I am so sorry everyone. I have paired 100% of the dev wallet supply with the liquidity pool as promised.
The PumpSwap interface is very confusing and I had inverted the swap by accident.
100% of the creator rewards are also being routed back to the liquidity pool for more depth every 30 minutes. You can see the live transactions on the website.
https://t.co/woWCuDNbGv
Guys I am so sorry, I accidentally inverted the swap and removed the liquidity.
I did not mean to do that and have reinjected 100% of the liquidity to the pool:
TX: https://t.co/ysQv2a9dMt