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The Gasp Alpha Launch

Gasp Team

• 4 min read
The Gasp Alpha Launch

GM Gasp Natives, listen up! 

We are proud to announce the upcoming Alpha launch of the Gasp Network, the Alpha Community Pool of the GASP token, and the first version of our cross-chain DEX. This initial rollout of our product will go live on Monday December 16th, 2024! Gasp aims to be the first consolidated asset platform, enabling users to perform native, secure, lightning-fast, and gasless cross-chain transactions on the Gasp protocol. This is a live release, meaning that you will be able to deposit and swap real assets in our cross-chain DEX for the first time, a momentous occasion for our project! 

During this phase, there will be opportunities for users to generate real rewards and yield through our liquidity pools at launch, and we’re also deploying an ambitious program for our community to recognize early adopters of our protocol. 

Gasp aims to consolidate the fragmented digital asset markets into a single, seamless cross-chain platform. Our Alpha launch represents the first step in realizing that vision, kickstarting our growth phase by building TVL, expanding our user base, and opening up the platform to onboard any asset, from any chain.

Our ultimate goal? To be the premier platform for trading digital assets across blockchains, L2s, and beyond—bridging crypto, FX, stocks, commodities, and future markets through a revolutionary cross-market settlement layer.

Here’s everything you need to know about our Alpha Phase and what lies ahead during this exciting launch period.

The Gasp Alpha Phase

The Gasp Alpha Phase will usher in the arrival of our first product, our highly anticipated, Eigenlayer-secured, cross-chain DEX! The Gasp DEX enables native cross-chain transactions across the Ethereum mainnet, Arbitrum, and Base blockchains — with new EVM L2 connections rolling out shortly after launch. The Alpha Phase, designed to bring stability to our DEX and enable our early adopters to participate in Gasp’s success, will be a prelude to our full mainnet launch in 2025. 

During the Alpha Phase, users will be able to perform cross-chain swaps and deploy pools in a live environment, similar in design to the current V3 version of our testnet, albeit with a few key improvements to our user experience, staking pools, and availability of token pairs. 

The Alpha Launch can be thought of as a fuelling-up phase that will see the rollout of our DEX and a complete feature list ready for 2025. We can think of this phase as the final in-flight checks before lift-off.

We are putting the Gasp Natives first during our Alpha Phase, representing the first opportunity for our community to buy into the Alpha release of the GASP token. We have long believed that traditional TGE methods in the web3 space are broken. Having carefully evaluated multiple recent launches, we believe a new approach is needed, one that focuses on community token acquisition at an early stage of our product launch. GASP tokens purchased through our community pool will enable the use of the Gasp DEX, and need to be deployed simultaneously with our Alpha Phase release. 

We launch this Alpha Phase with the intention of showcasing and injecting growth to achieve the following pillars: 

  • Building liquidity for our permissionless cross-chain pools - Users will be able to create cross-chain liquidity pools on Gasp in a permissionless manner. This opens the possibility for the creation of cross-chain swaps across long tail assets in a way that’s never been done before, as most bridges and interoperability solutions depend on their operators to enable them. Gasp relies on Ethereum security through EigenLayer to provide native cross-chain security across any network. We’ll be bringing liquidity to the most in-demand pools during our Alpha Phase.
  • New chains connected - Gasp will create native integrations with new EVM blockchains into the protocol, such as Optimism, Scroll, Blast, and more. We expect a new chain added to the protocol every few weeks during the Alpha Phase. We’ll be rolling out on-chain quests with popular third-party platforms to incentivize users to swap across our different connected chains. 
  • Liquidity incentives -  The Gasp DEX will be seeded with opportunities for early adopters to benefit from participating in building out our liquidity pools, including:
    • Creating and providing liquidity in liquidity pools,
    • Trading on the protocol,
    • Referring other users to the protocol through our referral program (more info to come soon!),
  • Novel Proof-of-Liquidity Mechanism - The Gasp protocol employs a novel mechanism of Proof-of-Liquidity, aligning the long-term success of the protocol with the network participants that help offer Gasp’s best-in-class experience. Staking for LPs and Gasp holders will go live with our Alpha Phase. 

During the Alpha Phase, the GASP token will be non-transferable and non-tradable to enable users to acquire the GASP token directly from the Gasp DEX, build TVL, and use our DEX in an Alpha environment, with starting valuations no higher than our last private round — enabling those who have been with us the longest to get in at the same terms as smart capital while helping to contribute to Gasp’s early success. As the Alpha Phase progresses and demand for GASP increases, the token price will reflect accordingly. However, the GASP token will offer users all of its core functionality during the Alpha Phase, such as enabling swaps, providing liquidity, and much more, with full plans for future transferability and secondary markets to be communicated shortly. This also enables our community to begin earning staking rewards, quest rewards, and other incentives before the mainnet opens to other participants.

We are extremely excited to bring the Gasp protocol to life and to welcome our community to the Alpha Phase! Make sure you’re following us on socials to be the first to know about upcoming details and announcements. 

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