Should we fund Boots Finance?

Boot Finance is a project focused AMM that aims to let projects control their own liquidity, with the eventual goal of being the primary AMM/DEX for the majority of projects in Defi.

It’s the thesis of Boot Finance that the current AMM dex landscape with one-size-fits-all solutions cannot persist as projects move to L2s. As gas costs reduce, there is a reduced need for massive single source liquidity pools(the main competitive metric right now in DEXes), as arb bots can inexpensively arb the price across multiple liquidity sources. Many projects will want BOTH the advantages of custom AMMs that provide features/parameters that are governed by the project itself, along with the ability to manage their LP positions in traditional DEXes across the entire EVM L2 landscape.

They will be launching in Skale and might have a partnership with Skale for liquidity.

We're presented at an FDV of $8m, $0.03968254/$BOOT.

Link to the Hive post - https://hive.honeydao.com/t/boot-finance-custom-swap-curve-amm/183

Link to the Boots Finance Litepaper - https://docs.google.com/document/d/1WP2pNasgOhXnGzuvjAJwG-qys8C4BmwO/edit# (includes detailed information)

Once passed, a multisig will be created to fund the project. Members who pledged will be able to contribute.