LIKWID mechanism disassembly analysis

I published an article about shorting Likwid on the 21st, thinking that was the platform's biggest highlight. However, after more than a week of experience, I have new insights, so I want to write a new understanding and analysis for reference. In the past one or two months, I have suffered heavy losses from on-chain memes, and I accidentally noticed the Likwid project, bought LSTD, and although it has almost gone to zero, it does not affect continuing to explore good things. I am always learning how to abandon prejudices. Those days of the big drop were also very anxious, I couldn't sleep, I took a position because I was optimistic about the short mechanism, but later they said it was just a test token, so I had to cut my losses. But it's not just a simple on-chain meme, so I kept the attitude of trying to stand up from where I fell, continuing to research and explore. It took me a long time to understand the logic and process of shorting. Each coin will have an associated short coin. Official example: $A is the main coin, $B is the associated short coin. When you are bearish on $A, you can choose to buy $B. When $A holders sell, some ETH will flow into the $B pool, increasing its ETH balance and pushing up the price of $B. Conversely, when $A holders buy, ETH will flow out of the $B pool, causing the price of $B to fall. This forms a complex hedging mechanism between the two tokens. Example 2 in text: $ETH is the main coin, $sETH is the associated short coin. Assuming ETH is $2600 per coin now. I'm bearish on ETH, so I choose to buy sETH. At this time, a large holder feels the price is too high, reaches the profit-taking level, and chooses to sell 5 ETH at $2600. He could have earned $13,000, but because I'm shorting, some of the USDT he gets from selling will go to me, maybe $5, $10, $100, or $1,000, depending on the size of my short position - the larger the position, the greater the profit. If the position exceeds a certain proportion, you can even eat up all the money the other party sells. Conversely, if I bought sETH at $2600, Now a large holder sees this model and feels the price is underestimated, so he chooses to buy 5 ETH, and a portion of my short position will be given to him as a buying reward. The reward amount depends on how much short position the shorter has. Example 3 with images: SHORTHAIR is currently priced at 0.000000451. If I buy 0.1 ETH now, I can get 141,678 tokens and also receive the short reward of 0.012355624 ETH. Because there are people shorting on this side, there is 0.113 ETH in the pool, so when I buy, I will be allocated a portion of that ETH. Someone may ask, if buying 0.1 allocates 0.01, then with 0.11 ETH, wouldn't I be able to eat up all of this side? That's right, when the price reaches 0.000000782, this short position will be liquidated, and you can choose to continue shorting to the next coin. The one that just got squeezed was sSHORTHAIR-3. Each coin has a liquidation price, and the latest -4 has a liquidation price of 0.0000001686, which is about double the opening price, since it's coin-based, so it's about 1x short, doubling means liquidation. There may be higher multiples in the future, you can wait for the official update. While I was writing, a large holder came in with close to 10 ETH and squeezed the #3 short coin. So if you can patiently read through, you should have a certain understanding of the short mechanism and logic. Hands-on experience is better than just reading. Try it with 0.01 ETH, and it's important to reject prejudices. Of course, if you think 0.01 ETH on the ETH chain is not worth trying, then I'll start talking about the second very novel feature and mechanism. New coin shorting is not the only innovation, there are also surprises. Open the official website, the first thing you see is this page. You may think that Ethereum people have more money, so they choose to connect to the Ethereum network to enter the website. But in fact, LIKWID is a cross-chain launch platform. What does that mean? It means one token, all networks, can be bought, with synchronized pricing and automatic price adjustment, no delays. Observe this page carefully, at the very front there will be a small logo, each logo represents its own network, the ARB logo represents the order was placed on the ARB network, the base logo represents the order was placed on the BASE network. All the networks displayed above can be used for purchasing and participation, without having to pay the exorbitant gas fees on Ethereum. Using Layer 2 networks, you can also sit on the same cruise ship as the aristocratic capitalists! Even more amazing is that all networks use the same contract address! On-chain data is transparent and verifiable, truly achieving one token across all chains! In the future, there will be no more big and small case neiro, ETHneiro and SOLneiro. I may not have seen much of the world, nor do I have any technical skills or understand any code, so when I first saw it, I found it amazing, like a small-town problem solver visiting the bustling cities of Shanghai and Beijing for the first time, facing the shock of skyscrapers for the first time. You thought that was the end? No, there are more surprises! Why do on-chain players now oppose VC tokens and embrace MEME, and why has the heat of MEME this year been more persistent and intense than before, with the pure profit of the pump launcher already exceeding 100 million, you can imagine how hot this track is. For players and retail investors, rather than participating in the collusion of VC project parties and exchanges, it's better to just PVP on-chain. After all, participating in VC projects involves countless tasks, endless activities, uncountable airdrops, unreachable TGEs, and endless likes and reposts. Finally, after struggling for months or even years, a simple "You do not meet the airdrop criteria" can negate all the effort. While on-chain PVP can be serious, there are still opportunities for retail investors. Better to be washed away by the big waves than to dig for gold in the shit. The idea of fair launch has always been there, but the retreat of interests has made many DEVs and project parties unwilling to mention it, after all, everyone is here to make money, not to do charity. Holding a lot of resources and spending money on promotion, and finally dressing up the retail investors, is simply unrealistic, the retail investors' fantasy, a dream of yellow millet. So even if the pump starts PVP and betting on wins and losses from the creation of the token, it still cannot stop people from being willing to spend money on it, because compared to VC's fenced-in land, people are more willing to ride a small boat to pump this land and find new opportunities. But the pump is also unfair, the DEV can first get a large amount of chips, and then carry out publicity, as long as the heat rises, even if the inner plate is not full, he can still make a lot of money. But Likwid is different, it can protect the bottom line of retail investors and reduce the risk of evil deeds by DEV and on-chain memes! No-loss exit from the inner plate, pre-sale bottom guarantee for the outer plate, and completely fair launch! The term "completely fair launch" is probably something you've heard a lot, don't be quick to sneer at it, let me tell you carefully why it's "completely fair launch!" First, if you participate, I suggest you choose a 50%/50% split for the DEV opening. Because the money you put in will all be added to the pool, forming the liquidity pool. Half of the tokens are pre-sold, and the money from the pre-sale and the other half of the tokens form the pool, this is a 100% fair launch! This is just the first point. The second point is that if you no longer want to participate, you can withdraw from the inner plate at any time, and you can withdraw as much as you put in, without losing money because you came in later or withdrew later! During the pre-sale stage, the price is the same for everyone, even if the on-chain memes withdraw, the plate cannot be launched to swap, even if you are the last one to withdraw, if you put in 0.2E, you can still withdraw 0.2E! The bottom protection mechanism, you will never lose money! It also prevents the DEV from starting to do evil during the pre-sale of the inner plate! At this point, someone may ask, then when it comes to the outer plate, the DEV can still do evil, sell and not pull the plate, and it will still go to zero. In fact, when it comes to the outer plate, the trading will be free, with ups and downs, which is the normal primary market, right? But don't be in a hurry, even when it comes to the outer plate, the ETH in the pool can still provide you with a bottom! For example, you put in 0.2E, and now it's full, the outer plate can be traded, many people buy, and many people sell, you haven't moved, at this time the on-chain memes start to harvest, they slam all the chips they have, don't panic, no matter how much they slam, how much others slam, your selling price will not be lower than 0.2E! Bottom pool protection mechanism! When the token amount in the pool reaches 50%, the remaining transactions will be traded according to the pre-sale model, with a fixed price, and the tokens you bought in the pre-sale will also be refunded to you at the pre-sale price when traded on the outer plate! These three sets of combination punches are aimed at the DEV who likes to do evil and the trash on-chain memes, to give the real MEME back to the community! I can accept the project failing, the heat dropping, and no one paying attention, but I can't accept the DEV maliciously slamming the plate to zero, the code problem harvesting the money of retail investors, and the trash on-chain memes slamming and pumping to wash the plate! The tokens on Likwid can also be seen on platforms like dexscreener, ave, and gmgn in the future, and for now you can only see the K and trading on the website, it is still just a fledgling baby, with vast space for the future. Full-chain trading, short mechanism, bottom withdrawal guarantee, fair launch, bottom pool protection. Compared to the extreme PVP that leaves people exhausted, I'd rather spend some time on projects with innovative mechanisms. Okay, that's the end of the introduction to Likwid, just a personal hobby, if this article has been helpful to you, welcome to follow my Twitter and subscribe to my TG channel.