Unvest has an LVT marketplace — How to trade Liquid Vesting tokens on Illiquid.market
We’re thrilled to announce the release of illiquid.market — an open and permissionless peer to peer trading dapp that allows anyone to trade any token without requiring any pooled liquidity.
One of the primary reasons we built Illiquid was to serve a need in our own community — providing a user friendly way to trade Liquid Vesting Tokens.
Liquid Vesting Tokens are wrapped versions of existing tokens that unlock after designated periods of time. They’re a great way for projects to conduct token sales without causing supply shock.
Because Liquid Vesting Tokens are their own ERC20 tokens, they cannot easily be traded on exchanges like Uniswap unless someone adds paired liquidity. In practice, projects are not adding liquidity for LVTs as it’s a capital intensive (ie.expensive) process.
Existing “limit order” features on DEXs like 1inch and Matcha also fail to address this use case, as they do not offer a user browsable list of orders, and rely on arbitrage bots for execution — this means most trades will never execute unless a large spread exists between buyer and seller prices.
We took inspiration from early attempts at solving this use case by Airswap and Wyvern Exchange, and added multi-chain support and a user-browsable order directory. We believe this is the missing piece of the puzzle that makes direct peer to peer swaps able to serve all swap scenarios that AMM DEXs cannot.
Most importantly for the Unvest community, we have fully integrated the Unvest App with Illiquid. This means that all LVT pages on app.unvest.io now deep link to trade offers on Illiquid.
A user that owns LVTs and wants to sell them instead of waiting for maturity, can now create a sell offer on Illiquid. A user looking to increase their token position at a discount, can now take existing orders or create a buy order on Illiquid.
We’ve also integrated LVT support into the Illiquid web app.
On Illiquid, when a user navigates to a specific unlocked token’s page, if any LVTs exist, Illiquid conveniently surfaces them as tabs. This means a user can view all LVT offers at once, or filter out offers for a specific LVT.
Another helpful feature can be found on the Propose a Trade screen. When a user has selected an LVT on one side of a trade, Illiquid will surface other LVTs of the same token in the select token popup — encouraging easy LVT for LVT trades.
We’re excited to continue work on the next version of Liquid Vesting, which will allow for some advanced (and much asked-for) features and will be natively compatible with Illiquid Market on day one.
More about that later. 😉
Unvest allows anyone to wrap, vest and distribute tokens using Liquid Vesting. Illiquid is an immutable, secure and decentralized trading protocol built by the team at Unvest. Join us on Telegram for the latest announcements and updates.
