TL;DR

• DEX landscape on Aurora is not sufficient. LPs and traders should have more flexibility and capital efficiency during the bear market to hedge the risks and be able to implement their strategies.

• Holdr brings Balancer’s tech on Aurora: ultimate flexibility, boosted capital efficiency, and innovative types of pools.

• Holdr is the official Friendly Balancer’s fork with a grant from the Aurora Foundation

• Holdr will launch on the 14th of December with a two-day token sale (via LBP)

• Early supporters and participants in the LBP will receive Holdr NFTs

Aurora’s Liquidity Crunch

Aurora is extraordinary. It has become an essential part of the NEAR ecosystem — an EVM-compatible chain with its own DeFi. But bear markets are ruthless times when innovations get crushed and damaged along with everything else, and holders are the ones who pay the most.

According to one of the fundamental economic laws, market liquidity rushes towards optimization during the downfall. On the contrary due to the liquidity outflow, Aurora’s DEX market became dominated by a single Uniswap V2 fork leaving LPs and traders with limited flexibility and capital efficiency during the period they needed them the most.

This situation makes the DEX market on Aurora less appealing compared to other networks, which can provide more opportunities to hedge the risks and control exposure. Ultimately making things worse and pushing LPs and traders away.

Holdr Changes The DEX Game

Holdr is the next-generation AMM and Portfolio manager. It's built on proven Balancer V2 technology, which is well-known for its innovative fundamentals.

Ultimately Holdr gives more flexibility and efficiency compared to other AMMs on Aurora, which is especially important during liquidity outflow. It provides LPs an opportunity to mitigate impermanent loss, collect more fees, and take advantage of self-balancing portfolios similar to traditional index funds.

Weighted Pools

Weighted Pools are highly versatile and configurable pools. They are ideal for general cases and enable users to build pools with different token counts and weightings, such as pools with 80/20 or 60/20/20 weightings.

Use cases:

• Different token weightings give LPs an opportunity to control impermanent loss exposure. The general rule is the higher a token's weight in a pool (80/20), the less impermanent loss it will experience.

• LPs can choose the weight that most aligns with their strategy. A pool more heavily favoring WBTC (95/5) implies they expect bigger gains for WBTC, while a pool more heavily favoring WETH implies bigger gains for WETH.

• LPs might favor a pool with higher token counts to collect more fees. Each token in a pool can be traded with any other token in a pool, the number of trading pairs grows significantly with each additional token (12.5/12.5/12.5/12.5/12.5/12.5/12.5/12.5).

Stable Pools

For certain assets that are expected to consistently trade at near parity (different varieties of stablecoins or synthetics) a more efficient design is the StableSwap AMM as popularized by Curve.

Use case:

• Stable Pools allow for trades of significant size before encountering substantial price impact, vastly increasing capital efficiency for like-kind and correlated-kind swaps.

Boosted Pools

Boosted Pools will bring the best of both worlds to Liquidity Providers and Swappers. Swappers get access to deep stablecoin liquidity with near-parity exchange rates while Liquidity Providers get their liquidity positions sent to external protocols, such as Bastion.

Use case:

• Boosted Pools enable LPs to provide liquidity for common tokens while forwarding idle tokens to external lending protocols, giving them more yields compared to ordinary stable pools.

• Boosted Pools create a deeper market for lending protocols by providing them with idle liquidity.

The Launch + The Token Sale

Holdr will launch on the 14th of December with a two-day Liquidity Bootstrapping Event. During the event, you can buy $HLDR token in the Liquidity Bootstrapping Pool (LBP).

An LBP is a type of pool built specifically for launching new tokens. It's a programmable smart pool where the weights shift over a predefined period of time, creating constant downward pressure on the price of the new token.

💡 Holdr utilizes veHLDR —  a vesting and yield system based on Curve’s veCRV mechanism. Meaning you can use $HLDR to incentivize your project’s liquidity with $HLDR inflation, participate in governance and gain on the bribes market.

For more details:

1. ICO Investor: What is a Balancer Liquidity Bootstrapping Pool

2. Balancer documentation on Liquidity Bootstrapping Pools

Holdr NFT collection for early supporters

We are launching a special NFT collection to celebrate holdrs and award our early supporters! The drop is planned for later this month. We will announce full details on 7th December. Members of the Holdr community can secure their NFTs in advance by actively participating and engaging with us on Twitter and Discord.

What to do next 🔥🚀

There are a few steps you should take to benefit from Holdr’s launch:

1. Follow us on Twitter and Discord to stay informed and get the news on time

2. Participate in the LBP event on Dec 14th to get $HLDR as early as possible

3. Get Early Supporter NFT by being active and engaging with us. Catch more details on Holdr’s Twitter this week!

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