Maya Protocol One-Stop-Shop
  • Introduction
    • 🍫What is Maya Protocol?
      • Getting Started
      • Roles
        • Liquidity Providers
        • Swappers
        • Arbitrageurs
        • Node Operators
      • Maya Protocol Native Assets
    • 🌐Maya Ecosystem
      • User interfaces & Wallets
      • Tools
    • 🍫How to buy CACAO?
    • 🛣️Roadmap 2025
  • Deep Dive
    • 🚶‍♂️Step-by-Step Guides
      • Set up a MAYAChain wallet
        • Using El Dorito Club
        • Using THORWallet web APP
        • Using THORWallet Mobile APP
        • Through MAYANode cli
        • By importing Ledger hard wallet into Ctrl Wallet
      • Custom Memos
        • Swap
        • Add Liquidity
        • Withdraw Liquidity
    • 🛠️How It Works
      • Technology
      • Incentive Curve
      • Fees
      • Governance
      • Constants and Mimir
      • Security
      • Dynamic Inflation
      • Liquidity Nodes
      • Impermanent Loss Protection (ILP)
      • ELI5
        • What is Threshold Signature Scheme (TSS)?
    • 💵DeFi Products
      • Synthetics
      • Liquidity
    • 🔐Audits
    • 🎭Maya Masks
    • ❓FAQs
  • Blockchain Explorer
    • 🔎MayaScan
      • 🪙MRC-20 Tokens
      • 🖼️M-NFTS
  • Airdrop
    • 🪂$MAYA Airdrops Guide
  • Media
    • 📽️Aaluxx Interviews
    • 🐦Twitter Spaces
    • 🔗Links
  • Contribute
    • 😎Ambassador Program
    • 🎨Content Creators Guide
  • Node Docs
    • 🖥️MAYANodes
      • MAYANode Overview
      • Cluster Launcher
        • Setup - Linode
        • Setup - Azure
        • Setup - Hetzner Bare Metal
        • Setup - Google Cloud
        • Setup - HCloud
        • Setup - Digital Ocean
        • Setup - AWS
      • Deploying
      • Joining
      • Managing
      • Pooled MAYANodes
      • Alerting
      • Leaving
      • 🛑Emergency Procedures
      • ✔️ CHECKLIST
      • Multi-node Deployment
      • Fullnode Installation Guide
    • Bonding & Unbonding Guide
    • Bare Metal Node Guides
  • MAYACHAIN DEV DOCS
    • Introduction
      • MAYAName Guide
      • Swapping Guide
        • Quickstart Guide
        • Fees and Wait Times
        • Streaming Swaps
      • Add MAYAChain to your Wallet
    • Examples
      • Tutorials
      • Typescript (XChainJS) WIP
        • Query Package
        • AMM Package
        • Client Packages
        • Packages Breakdown
        • Coding Guide
      • SwapKit SDK
    • Concepts
      • Connecting to MAYAChain
      • Querying MAYAChain
      • Transaction Memos
      • Asset Notation
      • Memo Length Reduction
      • Network Halts
      • Fees
      • Delays
      • Sending Transactions
      • Math
    • Aggregators
      • Memos
      • EVM Implementation
    • CLI
      • Multisig
      • Offline Ledger Support
    • Protocol Development
      • Adding New Chains
      • Chain Clients
        • UTXO
        • EVM Chains
        • Cosmos Chains
      • ERC-20 Tokens
      • THORChain Version Updates I
      • THORChain Version Updates II
  • White Paper
    • 📖Maya Whitepaper 2.0
      • Introduction
      • 🍫Fair Launch
        • Philosophical perspective FL
        • Economic overview FL
        • Technical overview FL
      • 🪙$MAYA token
        • Philosophical perspective MT
        • Economic overview MT
        • Technical overview MT
      • 🌊Liquidity Nodes
        • Philosophical perspective LN
        • Economic overview LN
        • Technical overview LN
      • 🔒Security Nodes
        • Philosophical perspective SN
        • Economic overview SN
        • Technical overview SN
      • 🔴Aztec Chain & $AZTEC token
        • Philosophical perspective AC
        • Economic overview AC
        • Technical overview AC
      • ⚖️Stable Pools & Route Optimization
        • Philosophical perspective RO
        • Economic overview RO
        • Technical overview RO
      • 👣Roadmap. Maya 3.0
        • Philosophical perspective 3.0
        • Economic overview 3.0
        • Technical overview 3.0
  • Website
  • GitLab
  • Archive
    • Liquidity Auction
    • THORChads Airdrop
    • Add ETH, USDC, or USDT through THORWallet using Metamask + Ledger
    • $MAYA Airdrop for Maya Mask Holders
    • Maya Integration Guide
    • Roadmap 2023
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  1. White Paper
  2. Maya Whitepaper 2.0

Fair Launch

No complex IDO, Maya will launch $CACAO with our own Liquidity Auction design!

PreviousIntroductionNextPhilosophical perspective FL

Last updated 2 years ago

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Maya has aimed to maintain its motto from the beginning: a multi-chain liquidity protocol in the hands of the community, protected by code and open to exchange. Initially, we felt that the most successful way to achieve this goal was through an Airdrop allocation, but it’s time to upgrade to something that will boost liquidity in the system even further: a Liquidity Auction.

ELI5

1. Different strategies are used to raise funds every time a new crypto/DeFi project is born. Some models might be better, but that depends on the team’s needs and creativity. There are many different ways in which DeFi projects can distribute their tokens to their users or community. Some examples include holding public sales —2017 ICOs are the classic example— Airdrops, farm rewards, and more.

2. Maya Protocol’s token distribution will work using a Liquidity Auction with the following cool pros:

  • Lots of transparency – everybody knows when everything is happening and how.

  • Permissionless – anybody can participate, and there are no prohibitive minimum amounts or whitelists.

  • Reduced volatility – there is the symmetry of information. No one is excluded or earns less because they participated later.

3. “Liquidity Auction” sounds sophisticated, but it is actually straightforward:

A) Anybody can contribute supported assets, such as $BTC, $USDC, $ETH, $USDT, and even $RUNE, to the auction during a 21-day timeframe by sending them to a specified address. No KYC or registration of any kind is required except creating a Maya wallet beforehand (User Interfaces can do this for you). Also, no swaps will be allowed during this period, only adding and withdrawing liquidity! —More on the Liquidity Auction Tiers later.

B) After the auction, 90% of the $CACAO tokens are distributed to the participants proportional to their liquidity contributions, and the remaining 10% goes to the ILP reserve. For example: if $BTC is 40% of the liquidity raised, that pool receives 40% of the $CACAO allocation.

C) That’s it! Participants become Liquidity Providers by having their contributed assets + their new $CACAO tokens deposited inside Maya’s pools, facilitating swaps to other users and earning a share of the fees generated.

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