The Cosmos ecosystem has been gaining traction of late, in part due to its community’s decision to slash the inflation rate cap from 20% to 10% but also due to the growing adoption of DYDX, Celestia and Kuji. Native issuance of USD Coin (USDC) via Noble and CCTP built on a Cosmos SDK chain has also benefited the ecosystem. One beneficiary of growing interest in Cosmos could be Eclipse Fi, a multi-chain token launch protocol that seeks to restore the reputation of a genre notorious for unfair allocations and pump-and-dump schemes.
With a lofty goal to become the leading launch platform for both the Cosmos ecosystem and up-and-coming EVM L2s, Eclipse Fi is not short on ambition. Thankfully, its aspirations are backed by features intended to address the industry’s shortcomings. Its strong ties with Cosmos-based decentralized exchange Astroport, as well as its support from a robust network of VCs and key opinion leaders (KOLs), also increases its odds of becoming the go-to token launchpad for Cosmos projects in particular.
Restoring Trust in Token Launches
Eclipse Fi is designed to align long-term users with viable projects, as opposed to setting the scene for savvy traders to jump the allocation queue and dump on unsuspecting retailers. By utilizing smart accounts and a cross-chain architecture, the launchpad ensures that user onboarding and cross-chain launches are seamless and intuitive, mirroring the user experience of Web2 applications.
The crypto world has long been blighted by questionable token launch practices, where active community members find themselves inadequately incentivized. Worse still, many launchpads provide projects with weak fundamentals and cynical tokenomics with a veneer of undeserved credibility, leading to community disillusionment and industry-wide reputational damage.
Eclipse Fi wants to restore the reputation of the entire token launch experience to ensure equitable, value-driven token distribution while strategically putting tokens in the hands of mindshare communities.. It aims to achieve this by leveraging several innovative features:
Privacy-preserving KYC: Eclipse Fi is the first platform to offer anonymous KYC and privacy-preserving AML, ensuring user anonymity and security when onboarding. Anonymous KYC is achieved through the implementation of Zk-proof tech, setting the scene for anti-KYC user bases to participate in token launches.
Smart Accounts: The platform’s smart accounts will provide an intuitive flow, making the transition from web2 apps to blockchain-based counterparts smooth. The process will be as easy as an ecommerce transaction currently seen in web2.
Modular Toolkit for Customizable Launches: Eclipse Fi’s versatile token launch toolkit supports multiple launch modes tailored to align with community interests and projects, including IDOs, lockdrops, LBPs, DAICO and auctions. Projects can utilize more customizability while aligning their communities.
On- and Off-Chain Reputation System: This novel system enables community members to secure token allocations or boost their prospects of receiving tokens commensurate with their active contributions, leading to a more engaged and motivated community.
Comprehensive Due Diligence: A rigorous DD process ensures only projects with rock-solid fundamentals make it to the launch stage.
Cross-Chain Functionality: Users don’t have to switch networks to participate in launches, making the platform accessible to a wider audience. The goal is to make the onboarding and user experience as easy as possible for novice users, something that is still lacking in many token launches.
Eclipse Fi is currently gearing up for the launch and distribution of its native $ECLIP token, as well as the arrival of its maiden project Stabble, a cross-chain DeFi hub set to debut in early 2024. While this milestone will mark the beginning of a series of DeFi ventures on the platform, Eclipse Fi is also in the process of moving towards a DAO structure and community governance, emphasizing its commitment to decentralization and community-led decision-making.
Setting a New Standard
Eclipse Fi is not just launching tokens; it’s setting a new standard for how token launches should be conducted in the first place. By prioritizing user experience, fairness, transparency, and community engagement, the platform is dedicated to supporting the launch of more meaningful Web3 projects, fostering a healthier and more sustainable DeFi ecosystem.
If this new model of token launches leads to fewer retail users getting fleeced, Eclipse Fi will become a major player in the crowded Web3 launchpad landscape.