cBTC Liquidity Boost
This hook is designed to incentivize liquidity providers to provide liquidity within specific price ranges by offering rewards in the form of governance tokens.
Created on 8th December 2024
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cBTC Liquidity Boost
This hook is designed to incentivize liquidity providers to provide liquidity within specific price ranges by offering rewards in the form of governance tokens.
The problem cBTC Liquidity Boost solves
This hook incentivizes liquidity provision only within active price ranges (ticks). By rewarding liquidity providers who concentrate their liquidity in these ranges, it enhances capital efficiency and reduces impermanent loss. It rewards with a Governance token only to those who provide liquidity in these active ranges.
Challenges I ran into
EVM version incompatability between Citrea and UniSwap Hooks.
Tracks Applied (1)
Experimental DeFi
Citrea
Technologies used
Cheer Project
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Discussion
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