It’s been a busy few weeks at Whetstone Research, grinding on the final code to finalize Doppler - a liquidity bootstrapping Protocol built for the Uniswap ecosystem that does two critical things:

• Rapidly create new high-quality liquidity applications - on top of the permissionless, credibly-neutral, self-executing, and autonomous base layer of Doppler. These tools are going to power the future of onchain markets, and they must be built on a durable base.

• Let projects outsource the difficult part of getting a price for their token. The Protocol automatically runs an auction utilizing market feedback, and the end result is a token price that you know is aligned with the market without losing significant token value from MEV.

For those who are interested in seeing the code, then go check out our public GitHub repo for the smart contracts: https://github.com/whetstoneresearch/doppler

Doppler’s code is designed to evolve, meaning this is just the start of what is possible . To build sustainable infrastructure, we’re committed to making sure it's done safely. While we’ve already done three audits of the code, today we’re publishing the code and running a Cantina competition -- inviting the best of crypto to do their worst and help us ensure the protocol is fully battle-tested.

We’re also publishing the code now, before its deployment, to support projects who want to build on it. Whetstone Research is a team of people who are truly committed to the decentralized, permissionless systems. The plan is not just to allow people to bootstrap liquidity to their token projects, but for Doppler to also bootstrap a decentralized ecosystem. 

As you’ll see in the code, the Protocol leaves significant value for integrators via a protocol-enshrined “integrator fee.” Similar to an “LP fee” in the Uniswap Protocol, projects who integrate with Doppler can set a capped fee that they earn at the end of a successful bootstrapping process -- allowing Doppler to create a decentralized network of user interfaces and projects building on top of it, ensuring these projects to capture value day one, and enabling sustainable teams that are incentivized to focus solely on the protocol.

Doppler was originally designed to deploy as a hook on Uniswap v4, but there is a clear need today. After all, inefficient liquidity integrations on Solana alone have taken $400m to date from token’s value. So post-audit, our plan is to deploy immediately on Uniswap v3 and then to move forward on v4 once it’s released.

Thanks to the Cantina team and everyone who joins the competition to help finalize Doppler’s security audit. We can’t wait to see what tokens and projects it helps launch. If you are interested in integrating or collaborating, reach out to contact@whetstone.cc , @whetstonedotcc on Twitter, read the whitepaper here, or sign up here to be notified of the public release of the SDK and integration docs.