Boot Finance

What is Boot?

Boot is a de-fi project focused on an AMM called Customswap that lets projects control their own liquidity.

How does Customswap work?

Customswap dynamically combines the advantages of the two most popular AMMs: stable swap (Curve) and constant product (Uniswap).

Projects can choose a target price for their token and customize the swap curves above and below the target price. This means that they can decide how the token price behaves at different price ranges.

For instance, a project could use a stableswap-like curve below the price floor to support the price at this level, and a constant product-like curve above the floor to allow the token price to go up freely.

What problems does Customswap solve?

Cryptocurrencies, especially in the de-fi space, are extremely reflexive, which means that the price of a token affects the health and mechanics of its parent project.

From a marketing standpoint, if a token price declines, there could be less interest in the token, and subsequently, in the project itself.

Additionally, certain price points might be critical for a given project. For instance, a token that is part of a lending protocol might have a liquidation point at a certain price. So If the price falls below this point, liquidation might ensue.

The price of a token is therefore fundamental to the utility of its parent project. The solution we propose to the aforementioned problems is an AMM that has uneven slippage, meaning that it is biased toward the upside. This AMM, which we call Customswap, would shield projects from the deleterious effects of high market volatility.

$BOOT and $BOOTusd are the native utility tokens:

Both BOOT and BOOTusd serve as governance tokens, and are used to vote on proposals related to the future of the project. Additionally, $BOOTusd acts as a token sink for $BOOT tokens.

How can I acquire $BOOT and $BOOTusd tokens?

There are two ways you can acquire $BOOT:

1. by exchanging tokens for $BOOT on UniswapV3: https://app.uniswap.org/#/swap?inputCurrency=0x78a3b2f1e7eec1073088ea4a193618743f81cef8&outputCurrency=0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48&chain=mainnet

2. by participating in an auction. To do so, go to https://sale.boot.finance/ and contribute an amount in ETH. When the auction ends, you can claim a number of tokens proportional to the amount of ETH you contributed to the pool.

You can mint BOOTusd through ICHI by going to the following link: https://app.ichi.org/mint/?name=bootusd

How many BOOT tokens are in circulation?

The total supply of BOOT tokens is 100,000,000, of which 2,987,453.234307357437207018 are currently in circulation. We opted for a linear weekly emission schedule of BOOT tokens over a period of three years starting on January 5th, 2022 with the launch of the BOOT public sale. Here is the breakdown of how emitted tokens are distributed:

Investors (5.5%): Linear weekly vest over 3 years (35,256 tokens per week) Public Sale (12.5%): Weekly sale equally divided over 3 years (80,128 tokens sold per week) Airdrops (12.5%): Linear weekly vest over 3 years (80,128 tokens per week) Team (20.0%): Linear weekly vest over 3 years (128,205 tokens per week) Community/Ecosystem (49.5%): 3 year weekly vest unlocked for adhoc minting by multisig up to a maximum of 317,308 tokens per week

Who’s part of Boot’s core team?

DeltaTiger: He is the most experienced member of the team. He is a Defi degen/investor and early yield farmer including at SNX, UNI, CRV, YFI, YAM, Sushi, etc. Before Boot, Deltatiger created Synthetix.

Sabertooth: He is a Defi and NFT ape, and co-host of the “Floor Is Rising” podcast.

Velo: He is the lead developer at Boot. He has 25+ years of experience developing trading systems. Prior to fintech, he developed real-time process control systems. He’s held multiple C-level roles and loves bootstrapping. He built early solutions for live derivatives analysis and low-latency execution. He also created one of the first Internet quote distribution systems. After mining when valued less than $1, Velo pioneered Bitcoin arbitrage. Recently, he has been decentralizing alt finance. In his spare time he enjoys riding a bicycle as fast as possible.