Clanker protocol launches L2 new asset minimum viable auction mechanism

GateNews
CLANKER4,79%

Gate.io News bot message, Clanker protocol head Lily recently published an article detailing the “minimum viable auction” mechanism for prioritizing new assets on L2.

This mechanism is specifically aimed at the first trading phase of new tokens on the EVM token launch platform. The specific design adopts the Flashbots Rollup-Boost architecture and Dan Robinson’s MEV tax concept, with plans to implement it on Base or Unichain.

The auction mechanism operates as follows: After the creation of new tokens and the liquidity pool, they will be locked for 4 blocks, and the base gas price of the starting block will be recorded. In the 4th block, the first transaction must pay fees based on the gas price relative to the base gas price, which requires priority sorting support. All fees will be allocated to the liquidity pool LP, after which transactions will resume normal operation.

Source: Wu Says

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments