Ecosystem Proposal: Pumpkin - single-sided liquidity on Metis (Artichoke Fork)

Pumpkin is a native-based liquidity provision and liquid re-staking protocol built on the Metis Ecosystem. Within it’s core, Pumpkin is essentially a native fork of Artichoke, a protocol that has already demonstrated traction and track record on the Arbitrum Blockchain.

Unlike many other protocols, Pumpkin provides a one-sided liquidity layer to any ERC-20 on top of any well-known decentralized exchange, by using a collateralized debt position in conjunction with an omnipool.

AMMs, LPs and staking protocols have been widely used throughout the crypto ecosystem since inception. This is due to its simplicity and straight-forward, permissionless liquidity provision for new assets created on-chain. Regardless its widespread adoption, interacting with LPs, and staking itself, are not financially efficient and far from a flawless experience.​

Several protocols such as Uniswap have improved LPs from V2 to V3 introducing range orders and one-sided liquidity provision. However, improvements are still not as efficient as we expected. Newer projects find really hard to build new and strong liquidity pools without giving up initial incentives.​

Pumpkin attempts to solve this issue by building a single-sided LP protocol (SSLP) for staking assets, without the need to provide an stable USD-pegged liquidity on the first stage of the protocol cycle.​​

USEFUL LINKS

Website: https://pumpkinfinance.xyz 5 Documentation: Abstract | Abstract | Welcome to Pumpkin 4 Twitter/X: https://twitter.com/pumpkin_fi 1 Telegram: Telegram: Contact @pumpkin_fi 1 Audit: publications/audit_reports/PeckShield-Audit-Report-TChoke-v1.0.pdf at master · peckshield/publications · GitHub 1 PROPOSAL

As new and innovative liquidity protocol, Pumpkin aims to replicate what Artichoke did on the Arbitrum Blockchain. In that sense, an official support from the Metis Foundation will be crucial for protocol growth and awareness. Co-marketing will be expected from Metis in order for us to fully deploy Pumpkins’ potential.

VALUE PROPOSITION

Single–sided liquidity provision built on top of HerculesDEX, using an omnipool approach with collateralized-debt positions on spNFTs (LP positions on Hercules V2 and V3), brinding deeper liquidity and more capital efficiency to the Metis Ecosystem.

Pumpkin is currently going through a public-sale using Hercules launchpad infrastructure: Hercules DEX | The Latest in DEX Technology. Upon completing our public sale, a PUMP/METIS LP will be deployed on top of Hercules and several Tails (omnipools’ Vaults) are going to be incentivized with the funds raised.

SHORT-TERM ROADMAP

March 30: Public IDO ends on HerculesDEX

March 31/April 1: PUMP/METIS LP Goes Live

April 15: Pumpkin Protocol goes live with Staking

April 20: wMETIS/m.USDC Tail goes live with incentives

May: Announcing new partner Tails and deploys over Hercules

May: Peckshield Second Audit

CONTACT

Telegram Handle: @CXXVIII128