FROM CLOCKED IN TO LOCKED IN: Clutch Markets Launches Safety Deposit Box, A New Robinhood Chain Liquidity Locker That Protects Token Holders From Rugs And Rewards StonkBrokers!

Clutch Markets is clocked in this weekend, launching an important new piece of DeFi infrastructure on Robinhood Chain that helps protect everyone from one of crypto's oldest scams while benefiting the entire StonkBrokers ecosystem!

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 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.

Traditionally, liquidity locker services charge a 1% fee to lock a project's liquidity.

Clutch Markets believes it can do this business model better.

On Sunday, the team announced Safety Deposit Box, a new liquidity locker for Robinhood Chain that cuts those fees in half.

“LP security matters,” Clutch Markets tweeted. “Introducing Safety Deposit Box Most liquidity lockers charge a 1% fee to lock your LP. Safety Deposit Box cuts that in half to just 0.5%. Support for both Uniswap v3 and v4 LP positions. Lock for any duration. Claim your trading fees whenever you want.”

 

 

According to Clutch Markets, Safety Deposit Box not only provides a key piece of DeFi infrastructure on Robinhood Chain by giving projects a secure way to lock their liquidity for half the price, but also decentralizes what has traditionally been a fee paid to a liquidity locker, into rewards for activated StonkBrokers.

By locking liquidity with Clutch Markets, projects receive publicly verifiable proof that their liquidity is locked while also gaining exposure to a growing network of activated StonkBrokers who are bullish on this new L2!

“It was high time liquidity lockers got smarter and cheaper,” Clutch Markets Founder 0xSimpleFarmer tweeted. “Safety Deposit Box is built for projects launching on Robinhood Chain that want the lowest cost way to lock or vest their LP positions while keeping fee collection alive. But here’s the interesting part. Instead of selling the deployment fee like most lockers, the fee is distributed to a decentralized marketing engine made up of trenchers, X Spaces hosts, streamers, and KOLs. Known as the StonkBrokers. Your LP stays secure. Your marketing keeps working. Community for community. Clock in.”

 

As the Gazette prevously reported, Clutch Markets' StonkBrokers are a new collection on Robinhood Chain whose NFTs each have their own token bound wallet and are tied to a fungible token called $STONKBROKER through Clutch Markets' Anvil technology. Rather than acting as just another collectible, every StonkBroker is designed to hold tokenized stocks inside its own wallet.

 

After activating a StonkBroker for a small fee, collectors become eligible to receive tokenized stock distributions funded through the collection's marketplace royalties and other ecosystem flywheels.

 

Tonight, token developers and launchers on Robinhood Chain can find out more about Clutch Markets’ Safety Deposit Box here: https://stonkbrokers.io/locker

 

 

The Gazette will continue to follow all things StonkBrokers and will keep you posted as Clutch Markets continues to build on Robinhood Chain and beyond. Stay tuned for updates!