The rising cryptoeconomy, and Ethereum in particular lately, is showing how assets in the future will be digital, and in extension, extremely liquid.
Accordingly, it’s fair to say that while we’re already seeing more and more innovations and milestones around liquidity in crypo than ever before, we’ve collectively only just begun to scratch the surface with how we can approach liquidity in this increasingly tokenized world.
In the interest of scratching deeper, as it were, the new Poolz project has stepped up to the plate.
Straightforward initial coin offerings, or ICOs, died off years ago.
Yet in 2020 we’ve seen a range of up-and-coming DeFi projects trial new kinds liquidity distribution events, like Initial DeFi Offerings. Recall how synthetic assets project UMA Protocol conducted an “Initial Uniswap Listing” for its UMA governance token back in the spring, for example.
Yet for all its merits, Uniswap and other traditional trading protocols in DeFi haven’t been custom tailored to facilitate liquidity distributions and auctions — Poolz has.
So What Is Poolz Exactly?
Poolz is a layer-3 swapping protocol, with L3 here referring to the fact that Poolz works above both Ethereum’s base and application layers. It’s also decentralized and trustless, meaning it’s not controlled by any central parties and can be used directly without the help of intermediaries.
As for what Poolz facilitates swapping for, that’d be early tokens from early DeFi projects, the protocol’s litepaper explains:
“Poolz is a … way of connecting early-stage blockchain-cryptocurrency innovators and investors. Its unified interface allows project owners to launch and manage liquidity auctions that are easily discoverable by investors on the platform.”
So there’s the elevator pitch. Poolz helps upstart DeFi enterprises and entrepreneurs connect with early-stage investors and bootstrap liquidity through user-friendly token auctions. On the flip side, these…