Timeless
LIT, i.e., the liquidity incentive token, is Timeless a core component of the Bunni liquidity engine. Bunni is a liquidity engine built on Uniswap v3. It was initially launched as a public utility in 2022 as a fungible ERC-20 token rather than a non-fungible token to represent Uniswap v3 liquidity positions. This enables the creation of more sophisticated incentive mechanisms for Uniswap v3 liquidity.Timeless aims to enable other projects, by launching LIT, to incentivize their token liquidity with far greater efficiency. In addition,Timeless will use LIT and Bunni to bootstrap liquidity for its own yield token markets. Since its initial launch,Timeless has continued to improve and develop Bunni, turning it into a mature liquidity engine and drawing on protocols such as Curve and Balancer to improve its tokenomics. These improvements are intended to: - Encourage the protocol's long-term development by curbing post-liquidity-mining selling and aligning liquidity providers' interests with those of LIT holders - Provide the protocol with a substantial treasury to fund growth and reduce the price volatility of LIT- Maintain high liquidity for LIT You can learn more about the tokenomics of LIT on our blog.
Overview
LIT, i.e., the liquidity incentive token, is Timeless a core component of the Bunni liquidity engine. Bunni is a liquidity engine built on Uniswap v3. It was initially launched as a public utility in 2022 as a fungible ERC-20 token rather than a non-fungible token to represent Uniswap v3 liquidity positions. This enables the creation of more sophisticated incentive mechanisms for Uniswap v3 liquidity.Timeless aims to enable other projects, by launching LIT, to incentivize their token liquidity with far greater efficiency. In addition,Timeless will use LIT and Bunni to bootstrap liquidity for its own yield token markets. Since its initial launch,Timeless has continued to improve and develop Bunni, turning it into a mature liquidity engine and drawing on protocols such as Curve and Balancer to improve its tokenomics. These improvements are intended to: - Encourage the protocol's long-term development by curbing post-liquidity-mining selling and aligning liquidity providers' interests with those of LIT holders - Provide the protocol with a substantial treasury to fund growth and reduce the price volatility of LIT- Maintain high liquidity for LIT You can learn more about the tokenomics of LIT on our blog.