LSD
No. 664Introduction
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1. Project Introduction
The protocol uses smart contracts developed by the Pontem Network team, written in Move language, and released on the Aptos mainnet.
Supported features and benefits:
- Unrelated token swaps (similar to Uniswap V2)
- Stable swaps of related assets using different liquidity curves
- DAO treasury, receiving a portion of each swap transaction fee
- Dynamic fees: managed by treasury multi-signature and dao in the future
- Written in Move: a new smart contract language designed with security in mind
- High speed brought by Aptos parallel transaction execution engine
- Formal verification is partially completed: full formal verification will be achieved in the future
2. Team Introduction
Alejo Pinto - Co-Founder
Alejo Pinto is the founder of Pontem Network and previously worked at BlockFi. He graduated from the University of Pennsylvania in the United States.
Boris Povod - Co-Founder & CTO
Boris Povod is the co-founder and CTO of Pontem Network. He graduated from Platov South Russian State Polytechnic University.
3. Token Application and Distribution
Token Application:
LSD’s utility will be to govern:
- Protocol Parameters
- Community Treasury
- Future Development
Token Distribution:
Treasury - 16.0%
Airdrop + incentives - 15.0%
Liquidity, MM - 8.0%
Public Sale - 1.0%
Team and Future... - 13.3%
Fundraising - 46.7%
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