Today @bulldotmarkets ships its biggest tokenomics feature to date: automatic "burns" built into the launchpad.
Each burn removes tokens from the pool's books and reprices the market upward. These are executed on a fixed schedule and trackable on the site.
Iโm launching V2 of @bulldotmarkets this weekend (as soon as today).
This upgrade makes three significant changes:
1. Mechanism upgrade: $BULLISH becomes the ecosystem token and will benefit from buybacks fueled by protocol fees
2. Product upgrade: memes, RWAs and tokenized stocks on @RobinhoodCrypto
3. Liquidity upgrade: every token will launch with multiple pools
I want to go through my decision process that led me to this, and why I think this is ultimately bullish for BULLISH and Bull Markets. ๐
In my last update, I alluded to issues with integrations of Baseline pools. This has been a frustrating experience for both myself and holders who are surprised to see โlow liquidityโ warnings.
To fix this, new tokens deploy with two pools: a Baseline pool with RWA as pair asset (NVDA, PLTR, etc) and a Uniswap pool paired with ETH. This ensures we show up in distribution channels (fomo, gmgn, axiom etc).
Iโm more excited about what this enables: constant arbitrage between RWA-ETH, TKN-RWA and TKN-ETH pool. Price discrepancies in any pool will be closed, feeding arbitrage flows through all pools. More volume means more fees.
https://t.co/niK2nra3Uh
The @bulldotmarkets update you've all been waiting for. In this update, I discuss
- Reports of missing liquidity
- UX feedback
- Mistakes made
- Fighting the right battles, V2 and what's next
The frontier is exciting because it's unknown. That's where I like to operate, and I think @bulldotmarkets has the best chance of gaining marketshare.
We've built an initial iteration of mechanics that combine RWA, stocks and memes in new and interesting ways that will drive massive speculative volume to underlying assets. Get ready.
V2 is launching this week.
The @bulldotmarkets update you've all been waiting for. In this update, I discuss
- Reports of missing liquidity
- UX feedback
- Mistakes made
- Fighting the right battles, V2 and what's next
By this point, it's becoming obvious that RWA must play a key role. @bulldotmarkets is thus presented with two options:
1. Continue fighting the euthanasia rollercoaster of late-stage memecoin launchpads
2. Capture early marketshare in emerging narrative blending RWA and memes.