Laid it all out better than I could… once again.
The new Community Launch model is debuting now on @AerodromeFi featuring the launch of @syndicateio's token $SYND. This radical new model removes an extractive layer in token launches: CEX listings and the MM deals that are bundled with them. Thread and new dashboard to track the launch🧵👇 It is not unusual for even low tier CEX listings to cost mid 5 figures cash. More for top tier listings. If that wasn't enough, these listings typically also require the purchase of a market maker (MM) package, running another 5 figure amount of cash as well as loaning tokens to the MM. These MMs use the provided cash and tokens to run arbitrage between CEX and DEX pools. This is typically somewhat profitable, and, when the tokens are on loan, very low risk to the MM. So new listings pay for an activity that the market would be happy to perform on its own. Both listing fees and MM packages are extraction layers, standing in the way of new projects and potential holders/users of the tokens. They are too often seen as necessary evils for access to users. Community Launch cuts these layers out! Voters exchange votes for the week to participate in the launch. The project receives emissions to the pool in exchange for some of the initial token supply. These emissions in turn incentivize those voters to participate in seeding initial liquidity. This is alignment that is only possible in the MetaDEX model! And with the continued roll out of DEX trading for Coinbase users, launching on Aerodrome gives additional distribution to Coinbase's user pool. So now for the case study: The SYND-WETH pool was incentivized a little over 24 hours ago. Since then it has received over 20M votes, over 2% of the current voting supply. Right now each 1k votes would receive 486 $SYND tokens, and the pool is slated to receive over 100k $AERO emissions next epoch. This will change as the pool receives more votes. One individual accounts for nearly 1/3 of these votes, and other large voters have voted with over 1M votes each. The current strategy seems to be going all in on the votes, directing 100% of available voting power to the new launch. @InverseFinance is also redirecting some of its votes to participate. Overall, this is a very cool launch mechanism and I look forward to participating as a voter and LP. The alignment is there and voters are already eager to participate in the launch. I anticipate many more launches like this to come. Not financial advice.
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