All the world’s value will be tokenized. This idea is what drove our investment in Uniswap, a token exchange, 5 years ago—and it’s the same idea behind our pre-seed investment in @whetstonersch, who are building Doppler, a protocol live on @Unichain that reimagines token issuance—improving the mechanisms used to launch assets, bootstrap liquidity, and build community.
Whetstone is founded by @AustinAdams10. We got to know Austin as a protocol researcher at Uniswap—and later, as a mech design advisor to Variant and our portfolio. He’s built a killer team to boot.
Token launches have grown from 20K/week to 400K/week in the last year, yet there is tons of low hanging fruit to improve how issuance works:
Doppler addresses three key problems:
1/ Value leakage – Bots & insiders snipe supply at launch, crowding out real users & leading to “pump & dumps.”
2/ Poor composability – Existing token issuance platforms limit integrations & force reliance on 3rd-party oracles.
3/ Lack of trust – No standardization for vesting, misaligning incentives between founders & communities.
Doppler introduces better mechanics:
1/ Anti-sniper pricing curves to limit bot dominance
2/ Open-source, composable design for seamless integrations
3/ Built-in, auditable vesting to align long-term incentives
Why does this matter? Issuance is the foundation of every asset’s lifecycle. Fixing it means better price discovery and value capture for creators/issuers, stronger communities, & more sustainable token economies.
The first Doppler integration is already live pure.st and if you’re building any product where tokens will be launched, you need to yap with @AustinAdams10
Whetstone is founded by @AustinAdams10. We got to know Austin as a protocol researcher at Uniswap—and later, as a mech design advisor to Variant and our portfolio. He’s built a killer team to boot.
Token launches have grown from 20K/week to 400K/week in the last year, yet there is tons of low hanging fruit to improve how issuance works:
Doppler addresses three key problems:
1/ Value leakage – Bots & insiders snipe supply at launch, crowding out real users & leading to “pump & dumps.”
2/ Poor composability – Existing token issuance platforms limit integrations & force reliance on 3rd-party oracles.
3/ Lack of trust – No standardization for vesting, misaligning incentives between founders & communities.
Doppler introduces better mechanics:
1/ Anti-sniper pricing curves to limit bot dominance
2/ Open-source, composable design for seamless integrations
3/ Built-in, auditable vesting to align long-term incentives
Why does this matter? Issuance is the foundation of every asset’s lifecycle. Fixing it means better price discovery and value capture for creators/issuers, stronger communities, & more sustainable token economies.
The first Doppler integration is already live pure.st and if you’re building any product where tokens will be launched, you need to yap with @AustinAdams10
more here: blog.variant.fund/investing-in-w…
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