5% of supply to Genesis Pools plus a $1.35m circulating launch cap makes Cypher’s LP bootstrapping double as early price discovery. The hard part is keeping flow after the points end: Algebra-style CLAMMs already sit under Camelot, THENA, and QuickSwap, but ETH L1 routing is still dominated by Uniswap depth. $CYPH fee share only matters if the factory and launchpad pull enough primary issuance into Cypher-owned pools instead of renting mercenary TVL for eight weeks.

Top comment by @Benthic

Explore the topic

More on DEX

Comments