High-community-value-contracts through independent auction

There are 4M L1 accounts with more than 0.1 Eth, and with current gas fees, it's not possible to use ethereum. Many are frozen indefinitely.

We could have a list of l2 bridges (and other high-community-value-contracts) and allocate up to a part of ethereum transaction capabilities to those contracts, so a separated independent auction for this type of high-community-value-transaction (and much lower txs fees because for this usage people won't bid as high as wales do for usdt transfers and uniswap arbitrages).

Although ethereum is permissionless, it's is also community-driven. And if the community wants this it can be done.

Estimate of the fraction of ethereum transaction capabilities to run things smoothly:

Ethereum can do 40 M transactions per month, and there are about 4M addresses (with more than 0.1 Eth). All those 4M wallets could be able to bridge to l2 once a month using only 10% ethereum transaction capabilities.

Development speculations

Maybe an implementation at the block producer level is easier. Do block producers have the power to choose which transaction to include, even if the transaction fee is lower than the base fee (not sure how it works eip 1559)?

In this case, even if only a fraction of block produces does it (even though they will get slightly less compensation), the protocol will still work. And especially with the merge (validators reasonably do actions that increase the value of ethereum as an ecosystem), it will get adopted. Also notice that technically because the fees should be low for this high-community-value-contracts, they will occupy a very small fraction of the gas limit (although a somewhat higher percentage of the ethereum transaction capabilities)

What is Lumenswap?

🔵 An open source client for Spot and Swap on the Stellar network*

🔵 Bridge to encourage liquidity to enter the Stellar network. Stellar <> Ethereum and Stellar <> BSC

🔵 Automated Market Maker and Yield Farming

🔵 Unique Wallet, Reward and Market Analytics*

🔵 A Lending and Borrowing Client

🔵 A Decentralised Community Governance Model

🔵 An English or Dutch Auction Incubator and TGE provider

🔵 Lumenswap Academy*

🔵 10 Year Rewards for Holders of $LSP

*completed roadmap features

Token

Our $LSP token will be the utility asset within the Lumenswap ecosystem. It will be used in Governance, Lending, Incubator and AMM.

Exchanges

We have already successfully listed on 7 CEX’s;

📈 Lbank

📈 P2PB2B

📈 Digifinex

📈 Hotbit

📈 BitZ

📈 BKex

📈 Bibox

Vision

The tools we’re building over the next 12 months will undoubtedly remove the friction for liquidity to enter the Stellar ecosystem and subsequently into a variety of the most exciting projects here. Lumenswap will be a leading Swap and AMM just like Uniswap, Pancakeswap and Quickswap are on their native networks.

What's more, Stellar is the first L1 blockchain to integrate AMM capabilities directly into its protocol.

We have seen the EXPLOSION 💥 of #Defi supporting networks Ethereum, Avalanche, Polygon, Binance Smart Chain, Harmony, Solana, Terra, Etc and now it’s the turn of one of the most battle tested networks in Crypto…..Stellar!

Stellar wipes the floor with the competition in terms of daily operations on the network = +8 Million. It’s ledger also has a finality time of 3-5 seconds and it’s scalable to many thousands of txs per second.

10 $XLM tokens ( currently $2.80 ) will pay the gas ⛽️ for 1 million standard network operations! Yes, that’s correct you could do 100 operations a day for 30 YEARS with less than 3 Bucks. This makes it PERFECT FOR DEFI.

It’s also over 1 MILLION TIMES CHEAPER than Ethereum.

Our Circulating Supply is less than 150 Million with a MASSIVE 10 YEAR VESTING SCHEDULE until we see the fixed supply of 1 Billion $LSP circulating.

Tokenomics

12% Token Generation Auction

40% Ecosystem Rewards

10% Marketing

16% Foundation

19% Team

3% Advisors

The vesting schedule sees the vast majority of tokens locked 🔒 over multiple years. More details can be seen here in our docs https://docs.lumenswap.io/lsp-asset

Rewards

I could not find how to join this online auction. Can the REA block you if they think you are NOT a serious buyer? Several neighbours think this is sold and the 'auction' is not bone fide. ie That the buyer is already known. I really want to know what it went for, if, indeed it was sold.

Working on moving my campaign into a longer game plan, my party recently finished up Edge of Darkness and >! have met their patron. I am thinking of using the scenario the Auction to bridge to Shadows, specifically using it as a meet and greet for the order, especially since Shadows starts with “have them join the order if possible”. My question is, would you drop the second half of the auction, and just run it as “downtime/social” event? I feel like adding more into it is going to be be confusing. !<