thelp.xyz Open in urlscan Pro
75.2.60.5  Public Scan

Form analysis
0 forms found in the DOM

Text Content

You need to enable JavaScript to run this app.

The LP


AN EXPERIMENTAL APPROACH TO BOOTSTRAPPING NFT LIQUIDITY AND REWARDING HOLDERS


100% ON-CHAIN. CC0.




A NEW MODEL TO EMPOWER NFT CREATORS THAT SOLVES THE NFT LIQUIDITY ISSUE BY USING
MINT PROCEEDS TO BOOTSTRAP LIQUIDITY, PROVIDES INSTANT BUY/SELL FUNCTIONALITY,
AND REWARDS HOLDERS.

Listings

Your NFTs

Buy Price 0.003834665589764277 ETH

Slippage 5%

Increase slippage to account for price increases during transaction. Additional
amounts will be refunded.

The LP #1020

Connect wallet

The LP #1210

Connect wallet

The LP #1214

Connect wallet

The LP #1216

Connect wallet

The LP #1218

Connect wallet

The LP #1221

Connect wallet

The LP #1226

Connect wallet

The LP #1250

Connect wallet

The LP #1252

Connect wallet

The LP #1256

Connect wallet

The LP #1258

Connect wallet

The LP #1259

Connect wallet

The LP #1260

Connect wallet

The LP #1261

Connect wallet


HOW IT WORKS


TRUSTLESS ESCROW

Funds and NFTs are held in trustless escrow for no more than 11 days. If the
project doesn't sell out in 11 days the experiment ends and you can withdraw
your ETH (minus gas fees).

Learn more


INSTANT LIQUIDITY

Half of mint proceeds and all external royalties are used to create instant NFT
liquidity. After the first 9k LP NFTs are minted an additional 1,000 are minted
to provide liquidity for instant buys and sells. Marketplace functionality is
built directly into the LP smart contract.

Learn more


HOLDERS COLLECT FEES

Every time an LP NFT is bought or sold from the internal liquidity pool a fee is
taken. Half of that fee is put into a pool for holders to claim. The other half
goes back to the liquidity pool.

Learn more


SCENARIO 1

First 9k LP NFTs are minted within 11 days

At this point the second phase of the experiment begins. Your NFTs are unlocked.
Buying, selling, and transferring can now occur. Until this happens ETH and
minted NFTs cannot be transferred, or sold.


SCENARIO 2

First 9k LP NFTs are NOT minted within 11 days

At this point the experiment ends and you can withdraw your funds (minus gas).
The LP NFTs will remain in your wallet, but be locked forever on-chain.

The underlying LP smart contracts, The LP Protocol, give the power back to NFT
creators. By owning the liquidity, fees, and listings projects are no longer at
the mercy of the rules of centralized marketplaces. It is our hope that we as a
community will build upon this protocol and that new NFT projects will adopt it.


ROADMAP

• Expand upon the LP Protocol by offering bounties to the community.

• Support projects using the LP protocol

• Create listing aggregator for projects using the LP protocol to support NFT
liquidity.


TRUSTLESS ESCROW

When you mint your LP NFT the ETH you paid to mint will be held in The LP smart
contract. Your NFTs will be minted and transferred to your wallet, but you will
not be able to transfer them, or sell them until the escrow period ends. Often
times NFT projects fail before they begin. If this is the case the LP doesn't
want you left holding the bag.

The escrow period ends after the first 9k are minted, or after 11 days -
whichever comes first. If the initial 9,000 LP NFTs are not minted within 11
days then the project is scrapped. You'll be able to withdraw your funds from
the smart contract (minus gas fees).


INSTANT LIQUIDITY

This is when things get interesting. Once the first 9,000 LP NFTs are minted
half of the mint proceeds are locked in the smart contract and an additional
1,000 NFTs are instantly minted using ERC-2309 to provide a pool of liquidity
which enables instant sells and buys. All project royalties from external
marketplaces like Opensea and LooksRare are added to this pool.

The LP smart contract contains its own trustless marketplace functionality. If
you'd like to sell an LP NFT you own then you can instantly swap it for ETH
because of the liquidity pool from the initial mint proceeds, on-going
royalties, and on-chain fees set in place by the LP smart contract itself. The
buy and sell prices are derived from the following.



• A = The amount of ETH in the pool

• B = Number of NFTs owned by various people

• T = Total supply of NFTs

• T-B = Number of NFTs in liquidity pool

• K = (A)*(T-B) = Our constant product (changes due to accumulating fees)

• Buy Price = A/(T-B - 1)

• Sell Price = A/(T-B + 1)

• Fee = abs(A/(T-B) - A/(T-(B+-1))


HOLDERS COLLECT FEES

Each LP NFT you own can be used to withdraw its pro-rata share of the earned
fees. Any LP NFT that's purchased or sold from the LP smart contract will earn a
fee. All fees can be claimed by LP holders.


100% ON-CHAIN

The LP NFT art and traits are stored completely on-chain. To put the art
on-chain a sprite sheet containing all the LP traits was generated, converted to
a data URL and stored on-chain using SSTORE2. When an LP NFT is minted the
traits are "randomly" selected in the smart contract. Using the on-chain sprite
sheet, a dynamic SVG is created layering each trait on top of the other while
referencing the single on-chain sprite sheet. Since the LP art is pixelated we
can use built in browser properties to render tiny pixel images at arbitrary
sizes.

A note about the Safari Browser: Safari does not fully support the method used
to render the on-chain image. It shows blurry at anything above 40px x 40px. If
for some reason you are required to render your LP NFT image in Safari you can
use a fallback canvas method, which we are using for the above preview images,
to render a crisp image.


TEAM MINT

When the LP smart contract was deployed 1,000 LP NFTs were minted to a team
wallet.