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We are excited to announce the launch of our initial governance structure along with our first Lixir Improvement Proposal, LIP-1!

As with any protocol that installs a DAO, we cannot be completely decentralized from the get-go, and so the initial governance structure will not aim to be. Instead, it will aim to start structured discussion that can lead to new LIP’s.

That being said, we are implementing an initial governance structure that starts off with optional Discord/Telegram discussion and is then followed by a mandatory three day Discord discussion (soon to be migrated to our own forum) in a seperate…


After many weeks of hard work, tons of brain cells used and short sleep cycles for months, we are proud to present the first version of Lixir v1!

Our goal is to prove the most user friendly, convenient, safest and profitable platform for V3 liquidity providing. By achieving this, we had to pioneer into a new and deep mathematical approach to create what set out to do.

The first version features 3 pools :

  • LIX/ETH
  • USDC/USDT
  • ETH/USDC

And then soon after

  • WBTC/renBTC
  • WBTC/ETH

Future pools will be voted and decided on by the DAO and the underlying governance process. Therefore, there are artificial caps on which pools would be possible, but…


Lixir facilitates fair distribution of LIX through successful bootstrapping event

Lixir’s Balancer Liquidity Bootstrapping Pool (LBP) Event concluded at 4PM UTC 10th May, 2021. Balancer’s Liquidity Bootstrapping Pool enabled Lixir to optimally distribute LIX tokens and bootstrap liquidity without overcapitalization. The LBP was permissionless, without the need of third party assistance or funding.

The LIX sale

The Lixir LBP started at 4PM UTC 8th May 2021, paired with USDC and the pool weight shifted from 96:4 LIX/USDC to 48:52 over the course of 48 hours.

The result was a tremendous success! We managed to sell 497,189 LIX and ended the sale with 8.04$ per LIX!

Keep in mind that due to the shifting…


Key facts about the LBP

  • Start date: 4PM UTC 8th May 2021
  • End date: 4PM UTC 10th May, 2021
  • Initial $LIX balance: 1million (10% of total supply)
  • Possible additional $LIX injection : 1.5million (15% of total supply)
  • Initial $USDC balance: 1 million
  • Starting weight: 96% $LIX : 4% $USDC
  • Ending weight: 48 % $LIX : 52% $USDC
  • Starting price: $25

Important factors to remember:

  1. It’s not a race. LBPs are designed such that the price starts high and falls quickly in the absence of trades. We strongly encourage you to not FOMO at the beginning of the LBP.
  2. It costs gas. The Balancer LBP is an Ethereum smart contract…


Lixir, the world’s first automated liquidity concentration manager, has successfully completed its presale token distribution event with more then $1,700,000 ($1.7m) of tokens purchased. Exactly 1,104,674 LIX (1.1m) tokens were sold during the presale event.

Following the success of the presale event, the Lixir team has turned its attention to the Balancer Liquidity Bootstrapping Pool (LBP). Proceeds from the presale will be used in part to seed the LBP, a crucial step towards the fair distribution of LIX. Proceeds will also be deployed in the initial LIX pairing after the LBP finishes.

The remainder of the unsold tokens from the…


How it Works

Auto-rebalancing of your concentrated liquidity.

Uniswap v3 achieves higher capital efficiency by allowing the liquidity provider to specify ranges (for example +/- 1 standard deviation (σ) of the current price), instead of the entire pricing curve between 0 and infinity where they want to concentrate their liquidity.

Let’s say Alice decides to use a standard bell curve to concentrate her liquidity. In Uniswap v3 she concentrates 68.3% of her capital within +/- 1 standard deviation, 95% within 2 σ and 100% within 3 σ from the current price. Her liquidity concentration would look something like this.

Now let’s say the price of Alice’s pair moves…


Overview

We started off by accepting verbal commitments from our community members to guarantee participation on a first come, first serve basis.

However, this almost immediately resulted in more verbal commitments than tokens available for sale (a good problem to have). Therefore, in the interests of fairness, we decided to open up the pre-sale to everyone.

Please find below a step-by-step tutorial for joining the pre-sale.

Important Facts

  • We are an anonymous team, and see it as best for the project’s long-term future if we keep it that way
  • This way of vesting and pre-sale is expensive in gas!! Don’t do it if…


Overview

Lixir’s goal is to allow efficient allocation of capital to Uniswap v3 liquidity pools, as well as similar pools that may appear on other AMMs. Allocation is directly tied to ROI: the less capital you can lock up to earn a certain return, the better ROI you have.

To do this, you want to constantly have your capital allocated to the narrowest range that consistently earns fees. The more capital you have concentrated outside that range, the less you earn.

The differences of small optimizations can be dramatic. As an example, imagine you are choosing whether to concentrate liquidity to…


Anyone who has spent a little time in DeFi has experience with an unfair or arbitrary token distribution of a popular new project. Everyone on the team at Lixir certainly does. With that in mind, we want to have the fairest possible launch. Soon, we will be launching a Balancer Liquidity Bootstrapping Pool (LBP) to initiate the fairest possible distribution of $LIX. We looked at many token generation mechanics, and feel strongly that a LBPs yields the most equitable outcome.

Why do you need $LIX?

$LIX, the native token for the Lixir platform, is used for two purposes. First, staking $LIX enables you to farm…


The first liquidity concentrator that unlocks farming on Uniswap v3

On March 23rd, Uniswap, the most popular DEX in the world — as defined by trade volume, total liquidity, and revenue — announced v3 of their exchange. Uniswap v3 introduces concentrated liquidity, which gives individual liquidity providers (LPs) greater control over how their capital is allocated. This makes LPs more capital efficient, allows for low-slippage trades, let’s LPs increase exposure to preferred assets, and reduces their downside risk.

This announcement completely changes how the liquidity farming game will be played. Uniswap v3 is the first, but we expect most AMMs to quickly follow this model.

The Opportunity: Uniswap Yield Farming

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