The behind-the-scenes story of emojicoin.fun

CN
4 months ago

Behind the Scenes of emojicoin.fun

Econia Labs is continuously pushing the limits of decentralized finance (DeFi), and its new project, emojicoin.fun, is one of the results of this exploration. The platform stems from a series of explorations into liquidity supply mechanisms and has been propelled by the recent hype around meme coins, successfully merging fun with cutting-edge blockchain technology. The following will take you through the research and development journey behind emojicoin.fun.

Exploring Novel Liquidity Mechanisms

Econia Labs has been exploring novel liquidity supply mechanisms, seeking innovative methods that go beyond traditional models. One of the early considerations was to combine the Econia order book with a hybrid architecture of automated market makers (AMM), which led us to delve deeper into two specific AMM models: Constant Product AMM (CPAMM) and Concentrated Liquidity AMM (CLAMM), both of which offer robust and composable liquidity provision methods.

Behind the Scenes of emojicoin.fun

CLAMM as a Fixed Range CPAMM

Emoji Experiment: An Unexpected Twist

Initially, using emojis as currency symbols was just a random inspiration—we thought this fun idea might make internal testing easier. However, a quick experiment confirmed that emojis were fully compatible with existing products (like Petra Wallet). This discovery opened up a whole new level of interaction for digital assets, seamlessly blending culture and finance in a simple and effective way.

Behind the Scenes of emojicoin.fun

The first emojicoin transaction on the testnet

Leveraging Meme Coin Hype

Given the recent hype surrounding memecoin launchpads, we thought we could try our own quick experiment. This experiment quickly exceeded our expectations. As we delved deeper into the mathematical principles behind the CPAMM and CLAMM models, it became clear that their structures could be directly applied to what would ultimately become the emojicoin.fun project.

Internally Built Integrated Solution

What makes emojicoin.fun unique is that it is entirely designed in-house by the team. Unlike other products that rely on multiple protocols (such as using outsourced AMMs like Raydium), we built the entire platform from the ground up. The foundation of the project is based on mathematical derivations from first principles, ensuring that our approach is mathematically sound and composable for future use cases.

Behind the Scenes of emojicoin.fun

Fully Customized DEX Architecture Built from Scratch

Powered by a Move-based Blockchain with Unique Features

emojicoin.fun is built entirely from the ground up, leveraging the unique features of the network, such as arithmetic aggregators that support parallelized global counters to track metrics like trading volume and TVL. This allows for real-time, efficient updates across the entire platform without sacrificing the performance of any individual market or requiring serial transaction execution.

Behind the Scenes of emojicoin.fun

Using Arithmetic Aggregators to Track Global Statistics of Parallelized Markets

Professional and Fun: The Birth of the Black Paper

To add a layer of professionalism to the project, the team incorporated LaTeX for mathematical derivations and citations in the emojicoin.fun black paper, mimicking the style of traditional mechanism design white papers. During drafting, the team primarily worked in dark mode to reduce eye strain, and as the project progressed, we thought, "Why not just publish it this way?"

Thus, the emojicoin.fun black paper was born—a stylish, dark-themed document that reflects both the serious technical foundation of the project and the fun and innovative spirit behind it.

emojicoin.fun: Redefining DeFi with Culture and Experimentation

emojicoin.fun is not just a memecoin launchpad—it is a product of in-depth research, creative experimentation, and cutting-edge blockchain technology. By merging novel liquidity configuration mechanisms with a highly interactive user experience, the team has built something that is both innovative and fun. The vision of emojicoin.fun is to allow users to engage in decentralized finance in an accessible, enjoyable manner rooted in a strong technological foundation.

Follow the official X accounts of emojicoin.fun and Econia Labs for more information, or check out Econia Labs on Medium or join the Econia Labs Discord community.

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