The Good Tech Companies - Dreampad Custom Hooks Are Set To Redefine Token Launch With Hyper Flexibility

Episode Date: October 29, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/dreampad-custom-hooks-are-set-to-redefine-token-launch-with-hyper-flexibility. Honeypot Finance has emerged as a key accelerator of the Berachain Proof-of-Liquidity. Its Fair Token Offering launch model has facilitated over 300 launches. Check more stories related to tech-companies at: https://hackernoon.com/c/tech-companies. You can also check exclusive content about #tech-companies, #honeypot-finance, #berachain-proof-of-liquidity, #custom-hooks, #what-are-custom-hooks, #hyper-customization-enablers, #good-company, #fair-token-offering, and more. This story was written by: @zexprwire. Learn more about this writer by checking @zexprwire's about page, and for more stories, please visit hackernoon.com. Dreampad Custom Hooks are hyper-customization enablers. They allow projects and developers to modify or extend the behavior of decentralized applications (dApps) or smart contracts as per the project requirements or investor demands. This offers developers maximum flexibility while deploying a contract. Consequently, a diverse range of assets can be launched using the FTO mechanism, boosting PoL adoption.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. DreamPad custom hooks are set to redefine token launch with hyper-flexibility, by ZEX Media. Honeypot Finance has emerged as a key accelerator of the Barachain Proof of Liquidity poll. Its FAIR token offering, FTO, launch model has facilitated over 3,000 launches, attracting 800k plus users to hold the testnet token HPOT. While FTO is a key enabler for emerging projects to launch their tokens while dealing with critical DeFi challenges like liquidity fragmentation, DreamPad Custom Hooks makes Honeypot Finance even more sustainable and attractive for new projects. What are Custom Hooks?

DreamPad Custom Hooks are hyper-customization enablers. They allow projects and developers to modify or extend the behavior of decentralized applications, DAPPs, or smart contracts as per the project requirements or investor demands. This offers developers maximum flexibility while deploying a contract. Consequently, a diverse range of assets can be launched using the FTO mechanism, boosting pull adoption. What's notable is the modular development approach embraced by Honeypot Finance. Developers can use multiple custom hooks simultaneously to support their launch requirements. Custom hooks and their types. What's in the store for developers?

Projects launching through FTO unlock access to three key hooks. Vesting hook. As the name suggests, developers can leverage the vesting hook to set up a predefined vesting schedule. Using the vesting hook, projects can ensure that a percentage of the LP can be released linearly over time. Future option hook. The design of future option contracts for tokens allows traders to speculate on the future price of both circulating and pre-launch tokens. These future tokens can be redeemed one-to-one for the underlying asset, offering founders, early investors, and large holders an effective tool to manage liquidity and exposure. These contracts can include set maturity dates,

at which point the tokens are automatically redeemed one-to-one for the underlying asset. This has three key use cases. Liquidity for founders. It enables founders to raise funds by selling futures contracts on their tokens through Dreampad. This is a key way to source liquidity prior to the actual token generation event, TGE. Exposure management. Large holders or whales can manage their exposure to specific projects by using futures contracts to offload tokens, potentially at a discounted rate. By doing so with future expiry dates, they can reduce their holdings without causing a significant impact on the spot market price. Trader speculation. Traders and community members

awaiting TGE can speculate on the future value of tokens to reap the benefits of the expected price movements. Remove and burn liquidity hook. Projects launching via the FTO model can leverage the remove and burn liquidity hook to burn their own tokens while removing liquidity from the pool. This ensures that projects are able to reduce token supply seamlessly to boost demand. On top of that, the remove and burn liquidity hook can be combined with the vesting hook. Why custom hooks? Enabling anti-rug, FTO is the driving force behind creating an anti-rug pool launch environment for new projects. Linear release of LP through the vesting hook promotes sustainable growth by preventing large-scale token dumps. Funding sustainable

growth. Typically, offloading of token holdings by the core team impacts the token price negatively, creating an environment of fear and uncertainty for the community. The future option hook allows founders to offload tokens through future contracts on a future date, minimizing its impact on the token's price. Liquidity sourcingourcing What's the biggest challenge in DeFi for new projects? Fragmented liquidity. FTO, powered by the Future Option Hook, allows founders to raise funds by selling future contracts through DreamPad. Long-term Value Creation While the Future Option Hook makes liquidity sourcing more convenient, the Remove and Burn Liquidity Hook ensures that there is no-tample liquidity for large-scale token sales. At the same time, users are incentivized to hold

the tokens and contribute to the pool while benefiting from price appreciation. This helps projects launching through FTO enable long-term value creation for their token. Create your own hooks with DreamPad while custom hooks are designed to enable hyper-customization, helping projects launching via the FTO model to deploy or update contracts as per project requirements, there are chances that the requirements for additional functionalities arise. DreamPad encourages and allows developers to create their own hooks to serve additional purposes. These hooks can later be added to the official DreamPad collection. Once added, the contributors will be added to the official DreamPad collection. Once added,

the contributors will be rewarded in the form of token incentives. Final word The three main hooks offered by DreamPad ensure that new projects launching via the FTO model have ample liquidity for TGE. At the same time, they enable founders to raise funding and offload their holdings in a linear manner, without triggering mass sell-offs. Finally, incentivization of long-term token holders while reducing supply to trigger price appreciation ensures that an anti-rug-pull environment is created for post-TGE, enabling a sustainable growth trajectory for the project. This article is published under Hacker Noon Business Blogging Program. Do your own research before making any financial decisions. Thank you for listening to this Hacker Noon story,ging Program. Do your own research before making any financial decisions.

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