Bullish
StonkBrokers Acquires 3M UP Tokens for Permanent Liquidity Lock
11:10
StonkBrokers secures 4% of UP supply in a Safety Deposit Box, pairing tokens with STONKBROKER to ensure liquidity via ve(3,3) engine support.
Woofun AI reports that StonkBrokers has entered a partnership with UP, the native decentralized exchange of Robinhood Chain. SimpleFarmer, founder of StonkBrokers, confirmed that UP will serve as a special project partner, providing support for The Stonk Exchange and Stonk Launcher through its ve(3,3) engine.
The collaboration involves the acquisition of 3 million UP tokens, representing approximately 4% of the total supply. These assets are permanently locked in a Safety Deposit Box with no withdrawal capability and are paired with STONKBROKER tokens to maintain liquidity. Weekly allocation of these tokens between the launcher pool and trading pairs is determined by voting rights.
WOOFUN AI
Impact Assessment · Quick Read
Locking 4% of UP's total supply demonstrates significant capital commitment from StonkBrokers, potentially stabilizing UP's liquidity depth. The integration of the ve(3,3) model suggests an effort to align long-term incentives between the two protocols. This move may enhance confidence in UP's utility within the Robinhood Chain ecosystem, though the permanent lock restricts short-term flexibility for StonkBrokers.
Generated by WOOFUN AI · For reference only, not investment advice
Comments
No comments yet.