At Ramen Finance, powering liquidity for long-tail assets has always been our mission from day one. This mission begins with building a Berachain-native token launchpad protocol that fulfils the following objectives:
- For the protocol developers & builders: Providing a comprehensive toolkit and solution that ensures equitable token distribution and enables transparent price discovery among active users in the ecosystem
- For users: Establishing a fair and decentralized allocation distribution system, ensuring that access to token launches of promising new protocols are available to all, not just the whales
- For the ecosystem: Building a protocol that creates net positive expected value (EV) by making liquidity more sticky for our partners and the entire Berachain ecosystem
This vision drove us to develop a unique launchpad protocol tailored to serve the Berachain ecosystem; a modular product that acts as a foundational building block that powers liquidity bootstrapping, one that works with all liquidity hubs on Berachain.
We are thrilled to unveil this strategic refocusing of the development of Ramen Launchpad as our primary offering and core product.
This decision, made after thorough deliberation, is driven by our conviction that the potential presented by this infrastructure will advance the protocol towards more opportunities for positive collaborations with all liquidity hubs and serve new protocols better as an impartial conduit and bridge to the ecosystem.
In the spirit of transparency, particularly to our community members and partners, this represents a strategic pivot in our product direction and we will not pursue the development of Ramen DEX as part of this new focus.
What does Ecosystem (3,3) mean?
Users who are demonstrating deep involvement and strong alignment in contributing to the liquidity and governance of Berachain will be rewarded with a boosted rate of earning allocation to upcoming launches.
Simply put, this is how we have aligned the incentives and wants of each party:
- Users want to receive/earn launchpad allocation to new token launches and capitalize on the growth of new protocols
- New protocols want to bootstrap liquidity from participants who are long-term active users and contributors
- Existing protocols and liquidity hubs want to develop more utility and an on-chain TVL sink for their assets, growing their TVL and making liquidity more sticky
- Berachain wants more users to participate in its governance and to attract and retain liquidity within the ecosystem
We are developing a mechanism where whitelisted assets like LP tokens/liquidity positions, NFTs, yield-generating assets, derivative products, and stablecoins can be rehypothecated as collateral to farm for allocation to upcoming launches, essentially creating a TVL sink for our partner protocols.
So how will Ramen Launchpad work?
The $RAMEN token is the fuel to the liquidity engine that is Ramen Launchpad.
On Ramen Launchpad, users will be able to lock $RAMEN tokens for a maximum of 16 weeks and receive gRAMEN tokens (Governance RAMEN), an on-chain, non-transferable token.
The amount of gRAMEN tokens you hold will determine the base earn rate of allocation points, which can be spent to reserve allocation tickets to new launches.
The mechanisms, tokenomics, and user guides will be provided in detail in our refreshed Gitbook documentation at a later date.
The First Arc: Curated Launches
Ramen Launchpad users can anticipate the introduction of select new protocols through our Curated Launch offering.
This offering will leverage collaborations with esteemed independent curators, such as The Honey Jar, Standard & Paws, and other notable partners to ensure a meticulous and objective vetting process. The due diligence process will evaluate crucial aspects of the participating protocols, including their prior experience, reputation, track record, and the audit results of their protocols.
The outcomes and assessments derived from this process will be openly shared with Ramen Launchpad users. Moving forward, we will explore the opportunity to expand the independent curator set to include more credible partners and individuals.
Protocols that successfully navigate the comprehensive vetting process will be featured as a Curated Launch on Ramen Launchpad. These selected protocols will be directly introduced to the Ramen community through a series of sharing sessions hosted on Discord, designed to provide the community with a thorough understanding of each protocol and fostering a connection that we believe will translate into long-term engagement and loyalty.
The Second Arc: Ecosystem (3,3)
In the second arc, we aim to realize the full potential of Ramen Launchpad as an ecosystem (3,3) player that creates a sustainable flywheel effect for ecosystem contribution, liquidity, and governance participation.
We will establish partnerships with Berachain-native protocols, liquidity hubs, decentralized exchanges, and the Berachain foundation to create incentivized boosts for Ramen Launchpad users. For new protocols choosing to launch on Ramen Launchpad, this collaboration ensures that the majority of the launch participants are deeply engaged, long-term stakeholders and users within the Berachain ecosystem.
Consequently, these token distribution events become a strategic and valuable avenue for protocols to bootstrap liquidity, and attract and acquire initial users.
The Third Arc: Liquidity Bootstrapping Pools (LBP)
Ramen Launchpad aims to establish itself as the go-to platform for token distribution and liquidity bootstrapping on Berachain. We acknowledge the evolving landscape where Liquidity Bootstrapping Pools (LBPs) are poised to become a cornerstone, if not the preferred mechanism, in the liquidity bootstrapping process. Therefore, in the third arc, we will explore offering liquidity bootstrapping pools to users and protocol developers.
LBPs will be a separate offering on Ramen Launchpad, offering a unique value to our users and participating protocols. These launchpools facilitate organic and transparent on-chain market making and price discovery, while providing unparalleled flexibility and accessibility to all participants, allowing anyone to freely acquire and release tokens without prolonged lock-up and vesting schedules.
Furthermore, Ramen Launchpad will offer a simple suite of smart contracts and tools designed for rapid token deployment. This feature is tailored for use cases such as community tokens and memecoins, simplifying the process for community builders and creators.
This strategic refocusing denotes a new and exciting beginning for Ramen Finance as our path towards product-market fit and solving a crucial ecosystem need becomes increasingly clearer.
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