Axis
@axis_fi
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DeFi's first modular auction protocol. Live on @arbitrum | @base | @blast | @0xMantle | @modenetwork
Joined January 2024
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Pinned Tweet
1/ The $MACHI IBLV event concluded two days ago, powered by our auction infrastructure and
@BaselineMarkets
's automated tokenomics system.
Congratulations to
@MachidotXYZ
on their $5 million raise!
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We've partnered with
@Metaverse_HQ
to kickoff our Early Axis Program!
2000 Discord invites up for grabs. Complete the mission, gain testnet access, and earn exclusive early adopter roles.
Join us and help pioneer the next generation of token launches:
102
3K
4K
Since 2023, over $120 million has been lost to rug pulls — a persistent issue for token launches.
This is why we’re building Direct-to-Liquidity, a solution that ensures transparent and secure fund usage for every token launch on Origin.
Learn more:
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Our new landing page is live at !
Learn everything you need to know about Axis, join the community, and use our testnet dApp.
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If you've been waiting to try our flagship EMP Auction mechanism, now's your chance!
Explore 7 new token launches live on Origin across the
@arbitrum
,
@Blast_L2
, and
@modenetwork
testnets.
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Access to our Discord and Testnet is officially open to all.
Join our community, experience Axis, and become an early adopter now.
👉
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A deep dive on EMP Auctions is live on our blog!
It covers the full life cycle of our flagship token launch mechanism, from creation and configuration to bid encryption and settlement process.
Read it here:
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1/ When developing Axis, we prioritized creating opportunities for users to contribute and earn fees directly from the protocol.
This led to the establishment of two key roles: Referrers and Curators.
Continue reading for more details 👇
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If you haven't been auction-pilled yet, you're about to be.
In this post, Co-founder
@oightytag
covers the complexities of on-chain auctions, why bidder privacy is pivotal for token auctions, and our exploration of different sealed-bid implementations.
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A closer look at how Origin will power the next generation of token launches 👇
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1/ Token launches are making a comeback.
Number finally go up and we're ready to onboard new users to platforms built during tougher times.
However, this surfaces a trilemma that's never been solved — one that even
@VitalikButerin
wrote about in 2017 💡
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Proud to be selected as an honorable mention 🙏
We’ll be releasing MUCH more info about Axis in the coming weeks, so stay tuned!
Big Bang judging is COMPLETE.
3000+ teams started building on Blast during the competition.
We hand-picked 47 winners with help from
@Izebel_eth
@danrobinson
@0xfoobar
@_jaechung
@loomdart
@cl207
@caseykcaruso
@santiagoroel
@rewkang
@will__price
@Evan_ss6
Winners below👇
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1/ The token launch landscape was ripe for innovation — and it’s arrived with Origin.
We built a complete suite of tools to support you from start to finish.
Learn how each feature can shape your launch process 🧵
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Minimize guesswork for users.
Work with upcoming projects.
Showcase token launches.
Earn a fee.
If this sounds interesting, there's an opportunity for you 🤝
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Check out the overview of our brand design led by
@snehasanks
!
It was a pleasure working with the
@WE3co
team from start to finish.
Here's a glimpse into the creative concepts behind the Axis logo:
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The Axis codebase is now publicly available, and our audit contest on
@sherlockdefi
is live with a total reward pool of 64,000 USDC.
If you're interested in competing or learning more about Axis, we recommend starting with the system design specs here:
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What's next?
Axis will be attending
@EthereumDenver
this week.
If you can find us on time, you'll receive one of the 100 early access codes to our Discord 👀
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Invites have been sent out for our Early Axis Program.
If you are one of the 2000 winners, please check your email!
We've partnered with
@Metaverse_HQ
to kickoff our Early Axis Program!
2000 Discord invites up for grabs. Complete the mission, gain testnet access, and earn exclusive early adopter roles.
Join us and help pioneer the next generation of token launches:
102
3K
4K
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10/ For those interested in getting the first look at Axis:
• Compete in our audit contest:
• Join the raffle for our early Axis program:
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Where can you find Axis?
Builders are increasingly migrating to new networks, both L1s or L2s, and we see this as a significant opportunity to expand the design space of on-chain auctions.
Axis will first be deployed on Blast where we've designed the Auction House to utilize
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Our Early Axis Program on
@Metaverse_HQ
has come to an end with over 5,400 registrations!
Invites will be sent out shortly. Testnet phase starts now.
We've partnered with
@Metaverse_HQ
to kickoff our Early Axis Program!
2000 Discord invites up for grabs. Complete the mission, gain testnet access, and earn exclusive early adopter roles.
Join us and help pioneer the next generation of token launches:
102
3K
4K
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If you've been involved in previous token launches, your insight could make you an ideal candidate.
Apply here:
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Despite their frequent use in crypto, blockchain auctions are still underdeveloped, especially for token launches.
The industry has experimented with various methods such as ICOs, IEOs, IDOs, airdrops, and LBPs. Each method initially showed promise but eventually revealed its
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11/ We’re building auction mechanisms to address these pillars and power the next generation of smart token launches.
Leveraging insights from auction theory and industry leaders, we aim to bring battle-tested auction models on-chain and combine them with DeFi money legos.
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12/ Stay tuned for a future post where we’ll explain how Axis Origin solves the Token Launch Trilemma!
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Introduction
Axis is the first on-chain modular auction protocol. Designed as a seamless integration layer, developers can build new auction modules and money legos on top of the core contracts. An SDK will also be available for easy integration of Axis into other protocols’
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More specific details will be covered in future posts. For now, here are some facts to consider:
• 195,000 $BTC seized from the Silk Road Marketplace has been sold by the U.S. Marshals Service using sealed-bid auctions.
• The IRS uses sealed-bid auctions to liquidate seized
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15/ This approach not only addresses the complexities of the Token Launch Trilemma, but will set a new standard for how tokens can be introduced to the market.
By balancing the three pillars, Origin is positioned at the forefront of next-generation token launches.
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The History of Auctions
Auctions have played a crucial role in finding a clearing price for an item or service since ancient times, and today’s technology has only elevated their use by enabling 24/7, global accessibility. Interestingly, we interact with them more frequently
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After the auction ends and if the minimum capacity is reached, all bids are decrypted and sorted by price to calculate the clearing price. Tokens are allocated starting from the highest bid down until the capacity is met, and the last bid to fill the capacity sets the price for
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2/ The Token Launch Trilemma refers to three vital properties that are impossible to maximize for any token launch:
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Enter Origin
Origin is a sealed-bid auction module designed specifically for token launches. Projects can permissionlessly deploy an auction, set the capacity (i.e. amount of tokens distributed), clearing quantity, and the minimum price.
Once the auction starts, users can
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2/ Auctions are powerful tools for price discovery.
Calling back to our very first post, they already help secure and facilitate billions of dollars in crypto:
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5/ Curators play a crucial role within the Origin dApp, where they are responsible for highlighting new token launches to their audience.
Curation is gated in the dApp alpha release, but is permissionless at the contract level.
Details on how to apply will be shared soon.
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For the alpha release of our dApp, curation will be gated.
We're looking for individuals with deep experience in the blockchain industry — whether you're a founder, developer, DAO contributor, security expert, influencer, or have other relevant expertise.
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There’s also the aspect of time. For example, you typically see a competitive scramble in LBP token launches where getting in at the right time is critical for getting the best price.
In Origin, all bids placed before the auction closes can be cleared at the same price as
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2/ Axis implements a referral program at the smart contract level to connect auctions with bidders.
This acts as a decentralized marketing fee that is available to anyone who promotes specific auctions.
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3/ In the Origin dApp, users can configure a referral link with their address to earn an auction's quote token (i.e. the token being received by auction owners).
The higher the amount of winning bids or total auction value funneled through their link, the more they earn.
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Our audit contest on
@sherlockdefi
is live! 👇
🚨 New contest: Axis Finance
@axis_fi
🚨
Sign up here:
Total Rewards: 64,000 USDC
nSLOC: 2504
Lead Senior Watson: TBD
Starts Monday, March 18th at 15:00 UTC
Check it out!!
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9/ Outside of the Origin dApp, curators can be entirely separate applications that use this feature to signal the set of auctions on their platform.
Builders can use the upcoming Axis SDK to easily integrate auctions into their application.
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