Welcome to the Lab
- What is Eclipse Fi?
- Eclipse Fi’s Inner Workings
- Due Diligence and Research
- Launching A Token Project with Eclipse Fi
- Achieving Regulatory Compliance
- Investing In The Token
- NFT Positions
- Incubating Token Projects
- Why Use Eclipse Fi?
- Eclipse Fi and the Future of Token Launches
- About Zerocap
- What is the primary function of Eclipse Fi within the Cosmos universe?
- How does Eclipse Fi differentiate itself from traditional token launchpads?
- What role does the ECLIP token play in the Eclipse Fi ecosystem?
- How does Eclipse Fi ensure regulatory compliance for token launches?
- What additional support does Eclipse Fi provide to projects post-launch?
30 Aug, 23
What is Eclipse Fi?
Within the expanding Cosmos universe lies Eclipse Fi, a celestial breeding ground that serves as a springboard for nascent projects, fostering the creation and development of new token projects launched on Sei. Just as every galaxy has a heart, a central hub of activity, so does Eclipse Fi serve as the nerve centre for token launches, connecting eager projects with potential investors who face little barriers to entry in the realm of decentralisation. Eclipse Fi is committed to transcending the customary, aiming to provide an array of launch modules that cater to the specific needs of each unique project, thereby fostering an environment of innovation and customizability. Through a focus on liquidity bootstrapping, regulatory compliance and extensive interchain support, Eclipse Fi is poised to revolutionise the launch and development of token projects.
What is Eclipse Fi?
In the same vein as the Sei ecosystem within which it plans to launch, Eclipse Fi serves as a financial layer and launchpad for aspiring token projects. While Sei provides the infrastructure for DeFi projects to launch, Eclipse Fi serves as a digital springboard that facilitates the successful launch and growth of blockchain protocols. This platform is more than a token launchpad, acting more so as an incubator that facilitates liquidity bootstrapping for Web3 initiatives, allowing them to conduct token launches and grow in a secure, transparent, and efficient manner. Eclipse Fi surpasses traditional token launches, providing a diverse suite of launch modules that cater to the unique requirements of every individual project.
Token launches, at their core, are fundraising and distribution events that allow blockchain projects to raise capital and grow a community by issuing and selling tokens to interested investors and protocol users. These tokens often represent a form of utility within the project’s ecosystem, granting holders access to services, governance rights, or a share in the project’s profits. Depending on the nature of the token and the regulatory environment, these launches can take various forms including initial coin offerings (ICOs), security token offerings (STOs), or initial DEX (decentralised exchange) offerings (IDOs). Each model carries its unique set of characteristics and requirements, thereby necessitating a platform that can accommodate the diverse needs of different projects.
In order to cater its launch platform to the diversity of projects built on Sei, Eclipse Fi includes an array of launch modules, each tailored to a specific launch type. These modules can be thought of as customisable launch mechanisms, each equipped with the necessary tools and protocols to facilitate a specific kind of token launch. Through this modular approach, Eclipse Fi can provide a bespoke launch experience, offering projects the flexibility to choose the launch model that best aligns with their requirements and objectives.
Moreover, Sei’s operation within the Cosmos ecosystem allows Eclipse Fi to leverage the advanced capabilities of the Cosmos SDK and the Inter-Blockchain Communication (IBC) protocol. As a result, Eclipse Fi can support cross-chain token launches, allowing projects built on various blockchain networks to conduct their token launches on a single, unified platform. This feature is particularly valuable in the current blockchain landscape, where interoperability and cross-chain interactions are increasingly becoming the norm. By providing an incubator that supports a wide range of blockchain networks, Eclipse Fi effectively extends its reach to a wider range of projects and investors, thereby expanding its potential liquidity base.
Furthermore, the platform’s native token, ECLIP, plays a key role in the Eclipse Fi ecosystem. Token holders gain access to a plethora of benefits such as early participation in token sales, voting rights on platform governance decisions, and certain value-sharing mechanisms such as staking. This token-based economy, characteristic of many blockchain platforms, aligns the interests of the platform and its users, fostering a mutually beneficial relationship where the success of the platform translates to the success of the token holders.
However, characterising Eclipse Fi as just a springboard for token launches fails to capture the breadth of the protocol’s mission; it is also a platform for the continuous growth and development of cryptocurrencies. Post-launch, projects can continue to leverage the platform’s diverse range of tools and resources to support their ongoing operations and growth. These include advisory services, marketing support, and access to a network of partners and investors, among other resources. This ongoing support is crucial in the highly competitive and rapidly evolving blockchain landscape, where projects need to continuously innovate and adapt to survive and thrive.
Eclipse Fi also goes a step further by offering the Eclipse Accelerator for those promising blockchain projects that show potential for significant growth. Projects involved with the accelerator program are not left to fend for themselves; instead, they gain access to guidance and support. This includes strategic advice from industry veterans, networking opportunities with influential figures in the blockchain space, marketing and branding support to help carve out a unique identity, and hands-on assistance with token economics. By providing a nurturing environment, the Eclipse Accelerator is designed to empower projects, allowing them to reach their full potential and successfully achieve their strategic objectives.
Evidently, Eclipse Fi is not just a token launch platform; it is a comprehensive solution that empowers blockchain projects and catalyses their journey from concept to reality. By providing a secure, transparent, and customizable launch experience, Eclipse Fi is helping to shape the future of token launches and blockchain fundraising. Just as Sei continues to grow, so too will the potential of Eclipse Fi as the team continues to innovate and evolve in response to the changing needs of the blockchain ecosystem.
Eclipse Fi’s Inner Workings
Diving deeper into the nuances of Eclipse Fi, it is clear that the platform implements a variety of mechanisms to uphold the integrity of the token projects it hosts. These mechanisms are employed in sequence, with each building upon the last. This can be analogised to peering into the inner workings of a Swiss watch, with each gear and cog playing a crucial role in maintaining the overall machine. The result is a token incubator designed to outperform traditional ICOs and ensure the continued success of its hosted token projects.
Due Diligence and Research
At the outset, when a project makes the strategic decision to launch its token via Eclipse Fi, it is immediately subjected to a screening process. To ensure its security, the platform employs a rigorous vetting process for projects that wish to launch on its platform. This process is not just a glance over the project’s documents, but rather involves comprehensive audits, an assessment of the team’s expertise and track record, a thorough check for legal compliance, and an evaluation of the business model’s sustainability and potential. This due diligence process not only screens the projects but concurrently protects investors from falling prey to fraudulent projects and scams. As a result, it fosters a sense of trust and confidence in the Eclipse Fi ecosystem, making it a reliable and secure platform for both project teams and investors.
In addition to the rigorous vetting process, Eclipse Fi also takes the extra step to conduct an all-encompassing due diligence process for each project. Designed to ensure the project’s credibility and potential from all angles, Eclipse Fi does not merely tick off a checklist. Instead, this process includes a detailed review and analysis of the project’s whitepaper to understand its vision, objectives, and strategy, and a comprehensive legal compliance check. This check is to ensure that the project adheres to the necessary regulations and legal norms, avoiding potential legal pitfalls down the line. By implementing these additional checks, Eclipse Fi reinforces its commitment to maintaining the highest standards of integrity and trust, making it a safe harbour in the often tumultuous sea of blockchain projects.
Launching A Token Project with Eclipse Fi
After passing the evaluation, each project stands on the precipice of a pivotal moment, its launch. This is where Eclipse Fi steps in to streamline and manage the Token Generation Event (TGE), a seminal moment in any project’s life cycle, marking the birth of its native tokens. The TGE is managed by Eclipse’s custom smart contracts, launching the tokens and organising their distribution among the participating investors. Every action carried out during this process is permanently recorded on the blockchain, providing a level of transparency that helps foster trust within the community. Eclipse Fi’s architecture is designed to be network-agnostic, meaning it can comfortably support TGE events on various blockchain networks.
As mentioned above, Eclipse Fi’s platform is designed to be highly customisable, catering to the unique needs of each project. From the tokenomics to the vesting schedules, projects can tailor the parameters of their token launch to align with their strategic objectives. Eclipse’s flexible smart contracts facilitate this customisation, allowing projects to implement their desired settings with ease. The platform also offers a range of token launch modules such as lockdrop, Liquidity Bootstrap Auctions (LBAs), DeFi modules and more. Each model is thoughtfully designed to cater to different stages of a project’s fundraising process and can be customised according to the project’s unique needs.This flexibility is a key differentiator for Eclipse Fi, making it a preferred choice for projects seeking a tailored launch experience.
Achieving Regulatory Compliance
Regulatory compliance is a cornerstone of Eclipse Fi’s operations, and the platform has made significant strides in ensuring this critical aspect is thoroughly addressed. Recognizing the importance of adhering to regulatory standards, Eclipse Fi has implemented a robust Know Your Customer (KYC) process. This process is a mandatory requirement for all projects launching on their platform. The KYC process is designed to verify the identity of individuals involved in the project through a comprehensive check of relevant information. By doing so, Eclipse Fi aims to prevent fraudulent activities and maintain the integrity of the platform.
Eclipse Fi’s KYC process is intended to go a step further by facilitating on-chain KYC. This innovative approach will allow for regulatory compliance directly on the blockchain. The platform intends to leverage Hypersign’s privacy-preserving on-chain ZK-ZYC solution, which enables fully compliant token launches, token issuance, and post-launch trading between KYCed users. Furthermore, Eclipse Fi is developing the architecture for the issuance of wrapped “r” tokens, which will only be traded or transferred between whitelisted wallets. This will ensure that all transactions on the platform are conducted between verified participants, thereby enhancing the platform’s regulatory compliance.
Investing In The Token
The mechanism of participation in a token launch is equally systematic and transparent to the process of approving a project. Interested participants must first hold a certain amount of ECLIP tokens, the native token of the Eclipse Fi platform. This requirement ensures a fair allocation model, preventing any single participant from dominating the launch. Participants can then stake their ECLIP tokens in a project’s token pool to receive a proportionate share of the project’s tokens. This process is facilitated through a smart contract, which autonomously manages the staking, allocation, and distribution of tokens, eliminating any possibility of manipulation or unfair practices. To further enhance fairness and inclusivity, Eclipse Fi employs a tiered allocation model. In this model, the amount of ECLIP tokens a participant holds determines their tier and consequently, their allocation in the token launch. This approach incentivises participation and rewards the platform’s loyal users, while also preventing any single entity from monopolising the token launch.
Additionally, Eclipse Fi introduces Cosmic Essence, a point-based system that plays a role in determining user access to, and allocation size in, upcoming IDOs. Cosmic Essence is not accrued quickly but is amassed over time by either staking or farming the platform’s native ECLIP tokens. The system is designed such that the higher the Cosmic Essence a user possesses, the higher their chance of making it onto the whitelist and securing a larger allocation in the IDO round. This model creates an environment of motivation and competition among users, encouraging them to interact more with the platform and participate in its various offerings.
As part of its staking strategy, Eclipse Fi employs a time-locked staking system with weighted reward splits, adding another layer of dynamism for users staking the ECLIP token. These weighted rewards are not arbitrary but are earned through commitment, specifically by staking and locking up ECLIP tokens for a longer duration to earn more Cosmic Essence. Using these weighted rewards, users can receive greater staking APRs than is being distributed. This empowers users, giving them control over their exposure and returns, as well as aligning their personal investment objectives and risk tolerance.
Source: Eclipse Docs
In line with their commitment to continuous growth and innovation, Eclipse Fi also integrates several advanced features to optimise the token launch process. These include auto-locking of liquidity, anti-whale mechanisms, and automatic token burn functions, among others.
- Time-locking of liquidity rewards stakers for long-term commitments, securing tokens in the pool for set periods, thereby bolstering the protocol’s stability and trustworthiness.
- Anti-whale mechanisms prevent any single participant from accruing a disproportionate degree of power over the network, promoting fairness and decentralisation.
- Automatic token burn functions allow projects to implement deflationary tokenomics, potentially enhancing the value of their tokens over time.
Eclipse Fi has integrated the use of Non-Fungible Tokens (NFTs) into its platform to enhance the Initial DEX Offering (IDO) participation experience. The platform has leveraged the utility of NFTs to transform standard IDO benefits into tradable assets on an active secondary marketplace. A key innovation within this system is the conversion of vested IDO token positions into NFTs. Participants in an IDO launch receive a contract for the distribution of their vested IDO tokens, as per the specifications set by the project.
This vesting contract can be transformed into an NFT position, serving as a digital “receipt” for the participant to receive their token vesting over time. These NFTs, once staked, enable the participant to receive their vested tokens. When unstaked, the NFTs can be transferred or sold on a secondary marketplace. This mechanism provides a flexible exit strategy for IDO participants who wish to sell, allowing them to liquidate their positions at a discount. Conversely, long-term investors have the opportunity to acquire these discounted vested positions on the secondary market.
Moreover, Eclipse Fi has introduced tradable token staking positions, further enhancing the utility of NFTs on the platform. Recognizing the value of time-locked token staking positions in rewarding loyal investors, Eclipse Fi has made it possible for participants to trade out of their long-term staking positions. This is achieved by converting staked token positions into NFTs, which can then be traded on a secondary marketplace. Investors have the flexibility to select the number of tokens to include from their staking position in this NFT mint, allowing these positions to be fractionalized. Once minted, the NFT can be listed and traded on a secondary NFT marketplace. This opens up the potential for a buyer to acquire a long-term staking position with all its benefits at a discounted price and with less time remaining on the lock period. Even when listed on a marketplace, the yield continues to accrue to the NFT.
Incubating Token Projects
The platform leverages its network of partners and investors to provide projects with post-launch support. This includes advisory services, marketing support, and introductions to potential partners, among others. Eclipse’s vibrant community also plays a crucial role in this regard, providing valuable feedback and support to the projects. This comprehensive, end-to-end support distinguishes Eclipse Fi from conventional launchpads, positioning it as a trusted ally for projects on their blockchain journey. By fostering a nurturing environment, Eclipse Fi ensures that protocols launched on its platform are not merely sent into orbit yet are also equipped with the tools and resources they need to navigate the vast expanse of Cosmos.
Why Use Eclipse Fi?
The customizability Eclipse Fi offers is a critical distinction that sets it apart from conventional token launches. Traditional token launches have often been criticised for their one-size-fits-all approach, which does not take into account the unique needs, objectives, and market dynamics of individual projects. Eclipse Fi turns this model on its head by providing the flexibility for projects to tailor token launch parameters according to their specific requirements. This includes customising tokenomics, setting up unique vesting schedules, and incorporating advanced features like liquidity auto-locking and token burn functions. Such a high degree of modularity allows projects to structure their token launch in a way that best aligns with their strategic goals and market dynamics. This, in turn, significantly enhances their chances of success by enabling them to attract the right kind of investors and stakeholders who resonate with their mission and strategy.
This innovative approach to token launches does not end with modularisation and transparency. Recognising the myriad challenges token projects face after their launch, Eclipse Fi extends its role beyond being a mere launchpad. The platform’s aforementioned extensive post-launch support, can be a game changer for many projects. This comprehensive, holistic approach equips projects with the tools and resources they need to become successful in the fast-paced, highly competitive world of blockchain.
Additionally, Eclipse Fi’s commitment to regulatory compliance significantly enhances its appeal as a platform for both projects and investors. In an industry where regulatory scrutiny is intensifying, Eclipse Fi’s robust Know Your Customer (KYC) process and on-chain compliance mechanisms provide a level of assurance and security that is highly valued. This commitment to regulatory compliance not only helps to protect users and maintain the integrity of the platform, but it also fosters a more stable and sustainable ecosystem. Projects launching on Eclipse Fi can be confident that they are operating within a framework that adheres to regulatory standards, while investors can participate with the assurance that the projects they are investing in have undergone rigorous checks and are compliant with relevant regulations.
Considering the implications of Eclipse Fi’s unique approach, it’s clear that this platform has the potential to dramatically reshape the landscape of token launches. By offering transparency, modularity, and post launch support, Eclipse Fi opens the doors for a diverse range of projects to enter the blockchain space. Moreover, the adoption of Eclipse Fi can lead to a more inclusive and participatory blockchain ecosystem. By lowering the barriers to entry for token launches and fostering a supportive community, Eclipse Fi can empower a broader range of participants to contribute to token launches. This includes not just developers and entrepreneurs, but also everyday users who can participate in token launches, support projects they believe in, and have a say in the direction of these projects. This can foster a more democratic blockchain ecosystem, where power and control are decentralised and distributed among a wider range of stakeholders.
Eclipse Fi and the Future of Token Launches
Looking to the future, Eclipse Fi embodies a vision that seeks to revolutionise the landscape of token launches within the blockchain ecosystem. Indeed Eclipse Fi recently made waves at the Delphi Hackathon by showcasing its solutions to some of the most pressing challenges in the industry. The team’s approach to designing a regulated on-chain token launchpad was met with praise. Indeed using on-chain KYC measures and ZK proofs, the Eclipse Fi team outlined how the often unregulated world of token launches can be made compliant, opening up various cryptocurrencies to greater trust and investment. The event served as a testament to Eclipse Fi’s commitment to pushing the boundaries of DeFi and underscored the potential of Eclipse Fi to greatly improve the launch and bootstrapping of token projects.
Their strategic plan, which includes a nuanced perspective on multi-chain functionality, emphasises the importance of a comprehensive token launch and project incubation service that caters to diverse blockchain ecosystems. While the multi-chain approach offers potential benefits such as access to different communities, increased liquidity, and deal flow, the focus of Eclipse Fi’s initial launch is centred around Sei. Initiating this journey with Sei as a base offers strategic benefits including lower competition and an array of quality projects operating on the DeFi-focused blockchain. As an interchain application within the Cosmos ecosystem, Eclipse Fi will be uniquely positioned to serve various appchains thanks to the interconnected nature of the Cosmos ecosystem, powered by the IBC protocol.
However, the vision does not limit itself to the Sei and the Cosmos ecosystem. The roadmap includes expansion to other ecosystems, thereby capitalising on the opportunities that a truly multi-chain future offers. The aim is to branch out to other chains, including but not limited to Near, Solana, Sui, Aptos, EVM chains, and Ethereum-based L2s. This multi-chain expansion strategy would allow Eclipse Fi to tap into a diverse range of ecosystems and their unique project pipelines, while also continuing to launch quality projects within on Sei. This multi-faceted, adaptable approach underscores the commitment to growth and the drive to become an indispensable launchpad in the broader crypto landscape.
User Experience (UX) abstraction forms another integral part of Eclipse Fi’s vision. The current complexity of navigating between networks and chains often serves as a deterrent to users. Addressing this, Eclipse Fi seeks to abstract the UX, striving to offer a truly multichain experience. The goal here is to enable project launches that allow users from multiple ecosystems to participate seamlessly, without needing to switch wallets or even understand the specific chain in use. Though integrations like Squid make positive strides towards this goal, there remains a significant distance to cover before users can engage in multichain activities without realising it.
The strategic direction of Eclipse Fi also encompasses a bridge-building role between the existing Web2 and the emerging Web3 worlds. As blockchain technology continues to evolve and gain mainstream traction, there is a growing demand from traditional Web2 projects to integrate Web3 capabilities. Recognizing this need, Eclipse Fi is designed to function as an incubator that supports such integration efforts, establishing itself as the go-to platform for Web2 projects seeking to transition to Web3. This initiative may involve the creation of a specific appchain dedicated to facilitating the integration of Web2 projects into the Web3 ecosystem. This strategic move serves a dual purpose: it paves the way for mainstream adoption of blockchain technology and fuels the growth of the Web3 ecosystem. By facilitating this integration, Eclipse Fi will help traditional enterprises tap into the possibilities offered by blockchain technology, bringing added value to their operations, while also promoting a more diversified and inclusive crypto ecosystem.
Another aspect of Eclipse Fi’s future is the launch of the Innovation DAO. Eclipse Fi envisions a system where the community is not only incentivized to participate in project launches but also to contribute to the evolution of the platform itself, generating ideas for innovative launch methods and more sustainable project bootstrapping mechanisms. This community-driven, bottom-up approach to innovation and development, enabled by the DAO structure, could bring about revolutionary models for token launches. These models may reshape the project launch landscape but could also address some of the key challenges faced by the crypto industry today, such as the prevalence of pump-and-dump schemes and the often prohibitive barriers to entry for potential participants. In this way, the Innovation DAO may play a critical role in Eclipse Fi’s future plans, setting the stage for a more democratic and sustainable crypto landscape.
Reviewing the roadmap for Eclipse Fi, it becomes clear that the platform aims to actualize its vision for a multi-chain future. Over the forthcoming quarters, milestones include launching on Juno mainnet, implementing social scoring with zkDID, setting up a DAO council for project vetting, and more. Moving into 2023 and beyond, plans include expanding to other Cosmos chains, launching the Eclipse Chain and Accelerator, and carrying out cross-chain expansions. These strategic steps, along with a firm commitment to UX abstraction and a culture of innovation and community engagement, position Eclipse Fi as a pioneering force in the future of token launches.
Eclipse Fi stands at the precipice of a transformative journey, poised to revolutionise the way token projects are launched and grown. As a platform designed to leverage the vast potential of Sei, it breaks free from the constraints of a one-size-fits-all model to introduce a customizable, user-centric approach. The key strengths of Eclipse Fi, its high degree of customizability, comprehensive end-to-end support, and its commitment to ensuring a secure and trustworthy environment, are sorely lacking in current token launchpads as well as indicators of its future potential. In this ever-evolving blockchain landscape, where adaptability is crucial, Eclipse Fi is aiming to show that flexibility, transparency, and user-centric design are not just buzzwords, but tangible factors that shape the success of blockchain projects. Indeed, the future of token launches is here, and it may be unfolding on Eclipse Fi.
Zerocap provides digital asset liquidity and custodial services to forward-thinking investors and institutions globally. For frictionless access to digital assets with industry-leading security, contact our team at [email protected] or visit our website www.zerocap.com
What is the primary function of Eclipse Fi within the Cosmos universe?
Eclipse Fi serves as a nerve centre for token launches, connecting nascent projects with potential investors in a decentralized setting. It aims to provide tailored launch modules that cater to the unique needs of each project, promoting innovation and customizability.
How does Eclipse Fi differentiate itself from traditional token launchpads?
Eclipse Fi is more than just a token launchpad. It acts as an incubator, facilitating liquidity bootstrapping for Web3 initiatives, allowing them to conduct token launches in a secure, transparent, and efficient manner. The platform offers a diverse suite of launch modules tailored to the specific requirements of each project.
What role does the ECLIP token play in the Eclipse Fi ecosystem?
ECLIP, the platform’s native token, grants holders access to various benefits. These include early participation in token sales, voting rights on platform governance decisions, and certain value-sharing mechanisms like staking.
How does Eclipse Fi ensure regulatory compliance for token launches?
Eclipse Fi emphasizes regulatory compliance by implementing a robust Know Your Customer (KYC) process, which is mandatory for all projects launching on the platform. This process verifies the identity of individuals involved in the project, ensuring that the platform remains secure and trustworthy.
What additional support does Eclipse Fi provide to projects post-launch?
Beyond the launch phase, Eclipse Fi offers projects a range of tools and resources to support their ongoing operations and growth. This includes advisory services, marketing support, and access to a network of partners and investors. The platform’s commitment to continuous support helps projects navigate the competitive blockchain landscape, ensuring their long-term success.
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