CLOCK IN AND LOCK IN: Clutch Markets’ Safety Deposit Box Liquidity Locker Tech Is Now Available Across The Ethereum Ecosystem!
- Kyle
- 1 day ago
- 2 min read
From the Stonk Exchange to mainnet, the memecoin trenches are about to get a little safer after Clutch Markets announced that its liquidity locker tech was going crosschain!
On Saturday, Clutch Markets announced that its Safety Deposit Box was expanding beyond Robinhood Chain and across the Ethereum ecosystem, inviting teams, developers, and deployers to lock up their tokens’ liquidity for half the traditional cost and tap into the user base of activated StonkBrokers!
“The Safety Deposit Box is now available across Arbitrum One, Ethereum Mainnet, and Base for @Uniswap V3 and V4 liquidity locks supporting all token pairs including Stock Tokens,” the project tweeted. “Our main goal at StonkBrokers is to continue recycling liquidity into the early stage trenches and making the ecosystem safer for everyone so we can grow. Together.”
As the Gazette previously reported, Clutch Markets first launched its Safety Deposit Box on Robinhood Chain on July 26 to combat one of crypto’s oldest scams, the rug pull.
Whether you're a first day trencher or a seasoned memecoiner, chances are you've been rugged by a developer who suddenly pulled a project's liquidity. That's why liquidity lockers like this were created.
When a team launches a token on a decentralized exchange, they receive special liquidity provider tokens that represent ownership of the liquidity pool. Whoever controls those LP tokens can remove the liquidity from the pool.
A liquidity locker is a smart contract that holds those LP tokens for a set amount of time, preventing a project's creators from withdrawing the liquidity before the lock expires. Because the lock is onchain, degens can rest easy knowing the liquidity won't simply disappear overnight.
According to Clutch Markets, most liquidity locker services charge a 1% fee to lock a project’s liquidity. But with Clutch Markets’ Safety Deposit Box, that fee is just 0.5%, and instead of going to a centralized entity that will likely dump it. But here, the fee is distributed as rewards to activated StonkBrokers, giving a new coin a network of 1,800+ degens who are now incentivized to root for them and their project!
As of tonight, more than $27 million worth of liquidity is locked through Clutch Markets’ Safety Deposit Box on Robinhood Chain.
For more information on the product or to lock up your token’s liquidity, visit Clutch Markets’ Safety Deposit Box here: https://www.stonkbrokers.cash/locker
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