Announcing the launch of our token, Liquidity Incentive Token (LIT) LIT makes incentivizing liquidity more efficient by giving gauge rewards to Uniswap v3 positions. LIT will be distributed via an LBP that begins on 1/9. Read more here:

Why LIT? After launching Timeless yield markets, we knew that the next step was using token rewards to bootstrap liquidity. However, we didn't want to just launch a staking pool, print some rewards and call it a day, we wanted to build something more sustainable.

Our work culminated in two products: Bunni and FOO. Bunni uses tokens instead of NFTs to represent Uniswap positions, which made it easier to build gauges for Uniswap. It's been live since October, and we've been using it for our yield market LPs.

Bunni also enables us to take a protocol fee on Uniswap swap fees, regardless of the status of the UNI fee switch. This is how value flows into our tokenomics system.

FOO, or Fungible Ownership Optimization, is our take on vetokenomics. It aims to better align incentives between the different actors in the system and make for long-lasting liquidity. Read more here:

By launching LIT, we hope to achieve two things: - Provide a powerful tool for bootstrapping long-lasting liquidity on Uniswap v3 - Bootstrap liquidity for the Timeless yield markets.

We are very excited about LIT and we hope you are too! Join our Discord community here:

New UI to support all of this will be rolled out as well 🫡

@CryptoMaestro Hmm this coin has the word time in it :)

Very novel project, pioneering new ideas in the space

@threadreaderapp unroll

@Timeless_Fi @Dinenis Hi, the unroll you asked for: Enjoy :) 🤖