Alura: A Liquidity Bootstrapping Ecosystem

Alura is a liquidity bootstrapping ecosystem built on the Aptos blockchain. It introduces a novel mechanism called Dutch-auction Dynamic Bonding Curves to facilitate initial price discovery and liquidity provision for arbitrary assets. This project is designed to help token projects bootstrap liquidity in a decentralized and automated manner.

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Features

• Dutch-auction Dynamic Bonding Curves:

  • Automated price discovery through a descending price auction.
  • Dynamic bonding curve to ensure fair price adjustments over time.

• Token Factory:

  • Deploys ERC20 tokens with known bytecode to prevent malicious implementations.
  • Supports customizable token features like fee-on-transfer, buy/sell taxes, and airdrops.

• Liquidity Provision:

  • Streams liquidity into the pool at a configurable rate.
  • Directly deposits funds into a generalized AMM (e.g., Uniswap v4) without user intervention.

• Time-locked Liquidity:

  • Liquidity tokens are initially time-locked but can be withdrawn later.

• Sell Functionality:

  • Allows users to sell tokens back to the pool after the Dutch auction has ended.

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How It Works

1. Dutch Auction Phase:

• The price starts high and decreases over time until it reaches a market-clearing price.
• Buyers can purchase tokens at the current price during the auction.

2. Bonding Curve Phase:

• After the auction ends, the price is determined by a dynamic bonding curve.
• The price increases gradually based on the bonding curve formula.

3. Sell Phase:

• After the auction ends, users can sell their tokens back to the pool at the current price.