Introduction

A liquidity bootstrapping protocol built specifically to negotiate incentive deals for capital lock-ups.

LISA will use a dutch auction dynamic bonding curve mechanism built on top of Royco Protocol order types wherein

• Projects looking to raise liquidity can put up incentives in any token in exchange for time-locked liquidity in any token.

• LPs can bid on bond-option-like instruments in exchange for locking up capital.

Maker Ask - “Lock n number of token A (liquidity) for t time period in exchange for m number of token B (incentives)”

Taker Bid - “Buy a bond-option to receive m number of token B in exchange for locking up n number of token A for t time period”

The on-chain auction protocol will act as a maker in this market, dynamically changing the ask depending on demand and supply. Taker bids will be stored off-chain as limit orders and will be public.