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- 🚀 Gate.io #Launchpad# Initial Offering: #PFVS#
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Clanker protocol launches L2 new asset minimum viable auction mechanism
Gate.io News bot message, Clanker protocol head Lily recently published an article detailing the "minimum viable auction" mechanism for prioritizing new assets on L2.
This mechanism is specifically aimed at the first trading phase of new tokens on the EVM token launch platform. The specific design adopts the Flashbots Rollup-Boost architecture and Dan Robinson's MEV tax concept, with plans to implement it on Base or Unichain.
The auction mechanism operates as follows: After the creation of new tokens and the liquidity pool, they will be locked for 4 blocks, and the base gas price of the starting block will be recorded. In the 4th block, the first transaction must pay fees based on the gas price relative to the base gas price, which requires priority sorting support. All fees will be allocated to the liquidity pool LP, after which transactions will resume normal operation.
Source: Wu Says