Poolz is a decentralized, Layer-3 swapping protocol enabling startups to manage liquidity auctions, thus bringing them closer to early-stage investors and liquidity miners.
As blockchain-cryptocurrency innovators are looking for decentralized, censorship-resistant ways of fundraising, there has been an emergence of Initial DeFi Offering (IDOs) and Initial Liquidity Offering (ILO). Furthermore, given the rise of Automated Market Makers (AMMs), a token’s liquidity has become a crucial determinant of its market price.
Although the market is becoming more competitive and value-oriented, early-stage innovators are facing unprecedented challenges due to these fast-paced changes. Prior to listing, they now have to seek liquidity investments for their tokens. In turn, however, the scenario presents new opportunities for early-stage investors, facilitating higher and more secure returns through liquidity mining.
Poolz’s Solution
Poolz is a Layer-3 swapping protocol envisioning a decentralized 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.Starting off with Ethereum, Poolz embarks on a long-term mission to disrupt and fully decentralize liquidity auctions. The project is built with a vision to facilitate greater interoperability through cross-chain interactions, which in turn, will further strengthen DeFi adoptions and value.
Secured & Trustless
As such, there are two major hindrances to DeFi’s mainstreaming, apart from the commonly-discussed scalability issues. Most of the existing projects aren’t user-friendly and have steep learning curves. Furthermore, bug-ridden and poorly-written smart contracts appear to be undermining DeFi’s potential for being tamper-proof. To mitigate these issues, we have used React Native to build the responsive Poolz UI, along with an intuitive information architecture for a compelling UX.
Despite the popularity, however, the adoption drive is still facing some obstacles. Blockchain-cryptocurrency startups need to bootstrap liquidity, in order to ensure profitable trading prices on DEXs and other AMM-based platforms. In this context, there is a rising demand for decentralized, integrated, cross-chain ecosystems that enable project owners to easily and securely conduct pre-listing liquidity auctions.
In turn, this represents a long-term business opportunity and market scope for layer-3 swapping protocols like Poolz.
Types of Pools
There will be two types of pools on the platform—Direct Sale Pools (DSP) and Time-Locked Pools (TLP).
Direct Sale Pools (DSP): These are pools without any lock-in period, where investors get the token immediately after the swap.
Time-Locked Pools (TLP): These pools have a predefined lock-in period and investors receive their swapped tokens only after the completion of this duration. Poolz’s smart contract will also enable pool creators to define custom lock-in periods, thus releasing the swapped assets incrementally. For instance, say, disburse 40% of the swapped tokens immediately and, after say 1 month, the remaining 60% in 6-equal monthly vesting.
Upon onboarding, project owners first need to select the blockchain protocol relevant to their project, as well as a cryptocurrency wallet.
In the MVP stage, Poolz supports projects based on Ethereum and the MetaMask wallet.
In the future, the platform will support other blockchain ecosystems. Moreover, users will be able to integrate wallets like WalletConnect, Coinbase Wallet, Fortmatic, Portis, as well as other non-ERC20 wallets.
The Poolz (POZ) Token
POZ is the ecosystem’s native ERC-20 token and will be used for incentivization, governance, project development, and token burns. As for investors and liquidity providers, the POZ token’s ownership makes them eligible for a range of use-cases.Additional Benefits:
Governance:
Staking:
Token Burn:
Swapping Rewards: Out of the total supply, 1,850,000 POZ tokens (37%) will be allocated as swapping rewards for liquidity providers participating in pools listed on the platform. Swapping rewards will be available for 10 years, releasing 185,000 POZ per year (3,577 tokens per week). However, in the future, governance may decide changes to the vesting ratio, as well as the reward mechanism (discussed under ‘Liquidity Provider or Investor’s Flow’).
Mechanism: In proportion to their contributions, liquidity providers will gain a percentage of the total liquidity deposited over the current week. Swapping rewards on the platform will be calculated and disbursed every 4 hour and in weekly cycles. Suppose, LP (A) contributes to Pool (1) in the first 4-hour slot of Day(1)—Week(1). Now, if LP (A) is the only investor during this period, he/she get 100% of the swapping reward for that slot. Then, say, on the third 4-hour slot of Day (2)—Week(1), LP (A) would still be eligible for swapping rewards, but in proportion to the total liquidity deposited in the meanwhile. Likewise, LP (A) continues to get some reward for the remaining week.
Staking Rewards: 1,750,000 POZ (35%) will be allocated as staking rewards, to be circulated in the form of Average Annual Yields (AYY) POZ holders who stake their tokens in a compatible staking wallet. These tokens will be securely locked in a publicly-auditable Multi-Sig Wallet and will come into circulation over a period of 10 years, with a maximum capping of 175,000 tokens per year.
Private & Public Sale: 750,000 POZ (15%) will be allocated for private and public sales. At the time of writing, Poolz has concluded the seed sale of 240,000 POZ (4.8%) at 0.455 USD (avg. price) and the private sale of 360,000 POZ (7.2%) at 1 USD. Prior to listing, Poolz will conduct auction sales for 150,000 POZ (3%) at 1.6 USD.
Team & Advisors: 500,000 POZ (10%) will be allocated for incentivizing the Poolz team and its advisors. The team’s allocation will be disbursed over 6 months of equal vesting, after a lock-in period of 1 year. Advisors will receive their allocation similarly, but after 6 months of lock-in.
Liquidity Fund: 150,000 POZ (3%) will be allocated for providing liquidity on Uniswap and other exchanges after listing.
Informasi
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