ID: #1000111 | Status:
In progress

Last updated 12 days ago

Minswap Liquidity Bootstrapping for DAOs

Problem

There are no decentralized options for bootstrapping liquidity, enabling fair price discovery and avoiding front-running for DAOs wanting to launch a token on Cardano.

Solution

Build and open source an Aiken Smart Contract (LBE V2) for any DAOs to launch a token on Cardano through a fair price discovery method while avoiding front-running and large congestion queues.

Total to date

This is the total amount allocated to Minswap Liquidity Bootstrapping for DAOs. 1 out of 5 milestones are complete

₳206,000
Total funds requested
Distributed: ₳105,000
Remaining: ₳101,000
01/24
02/24
03/24
04/24
05/24
Complete
In Progress
To be completed
808
Total Votes
₳413M
Votes Yes
₳147M
Votes No

Monthly report

NB: Monthly reporting was deprecated from January 2024 and replaced fully by the Milestones Program framework. Learn more here

Progress report

Status:
On track: No
Estimated completion date: -

Team

The Minswap Liquidity Bootstrapping for DAOs will be built by Minswap Labs, a team of developers and DeFi natives mostly based in Asia and Europe.

The co-founder Long Nguyen has appeared in several interviews such as the following with the platform De.Fi

https://www.youtube.com/watch?v=wlofvf8KggY

Minswap Labs built and open sourced the first version of the DEX after receiving Catalyst Funding in Fund 5, and it has since become one of the leading dApps in the Cardano DeFI ecosystem. 

The Minswap Labs team counts with the experience and motivation to continue building tools for Cardano for the long term.

Minswap Labs
Minswap Labs