The launch of Uniswap v3 introduced concentrated liquidity to DeFi. Concentrated liquidity made it far easier to express specific liquidity provisioning strategies, but it came at the cost of breaking the pool fungibility that defined the Uniswap v2 user experience. Numerous solutions have attempted to abstract this complexity, but few have yet to do it as straightforward as Bunni.

Today, we’re announcing our solution to scale Bunni to the next level.

Welcome to Liquis.

Bunni: A Concentrated Liquidity Engine

Bunni addressed the need for user-friendly abstraction of Uniswap v3 by introducing wrapped range positions. It allows anyone to deploy a target range with a corresponding ERC-20 receipt token on top of a Uniswap v3 pool, making it simple to provide, reuse, or incentivize liquidity.

Bunni also features a voting-escrow governance model in which emissions can be dynamically directed across approved token ranges. Users can receive $oLIT for providing liquidity to a Bunni range, which itself is redeemable for $LIT. Users who further pair this $LIT against $WETH on a canonical Balancer pool can then lock their position for veLIT governance power. A user’s veLIT balance determines both the amount of $oLIT emissions they are entitled to for providing liquidity in a recipient range, as well as their say in the distribution of future $oLIT emissions.

This results in demand for $LIT from users keen on subsidizing their Bunni token ranges of choice.

At a time when DeFi is focused on liquid staking tokens and stablecoins, Bunni provides a crucial service for attracting concentrated liquidity. It allows projects to determine the exact price ranges they want to subsidize with a far greater degree of precision than is offered by incumbent stableswap solutions.

We’re excited to see Liquis play a key role in making Bunni the premier market for access to concentrated ether- and fiat currency-denominated liquidity.

Liquis: Unlocking veLIT

Liquis is a liquid wrapper solution for Bunni governance. It is based on a two-token model:

• $liqLIT: The Liquis wrapper token for veLIT

• $LIQ: The Liquis governance token

Liquis allows Bunni liquidity providers to benefit from a maximum-duration lock without having to commit to one themselves. As users exchange $LIT, $oLIT, or $BAL-20WETH-80LIT for $liqLIT, the protocol permanently accumulates veLIT governance power. This allows Liquis to pass on boosted $oLIT rewards to any liquidity provider who stakes their Bunni tokens with the protocol. These liquidity providers will also earn $LIQ in addition to their Bunni proceeds. $LIQ serves to determine how protocol veLIT is allocated across Bunni gauges, as well as how $LIQ is emitted across Liquis gauges.

The end result?

• Liquis becomes the premier platform for providing liquidity to Bunni

• $liqLIT becomes the best way to maintain exposure to veLIT

The need for liquid wrappers in voting-escrow systems has been clearly demonstrated by pioneers like Convex and Aura. We’re eager to follow in their footsteps as Liquis looks to provide a missing piece of the puzzle for Bunni and Uniswap.

Surf’s Up

The launch of Liquis is imminent.

• Follow us on Twitter

• Keep an eye out for details around our Pre-Launch Program

• Reach out to us about our Launch Partner Program

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