We’re excited to announce that Timeless will launch its token, Liquidity Incentive Token (LIT), on January 9, 2023.

LIT sits at the heart of our liquidity engine, Bunni, which aims to maximize liquidity on Uniswap v3. By launching LIT, we hope to enable other projects to incentivize their token liquidity with capital efficiency orders of maginitudes higher than current levels. We also plan to use LIT ourselves to bootstrap liquidity for the Timeless yield markets.

Bunni: Liquidity engine for Uniswap v3

sneak peek

Bunni was initially released in October 2022 as a public utility that represents Uniswap v3 liquidity positions as fungible ERC-20 tokens instead of NFTs. It enables more complex incentivization schemes to be built for Uniswap v3 liquidity since ERC-20 tokens are easier to work with.

Since then, we have transformed Bunni into a full-fledged liquidity engine sitting on top of Uniswap v3. We have made improvements upon the vetokenomics used by protocols like Curve and Balancer that:

  • Encourage protocol longevity by disincentivizing farming-and-dumping & aligning the interests of farmers and LIT holders
  • Provide the protocol with a large treasury of cash, in order to fund protocol growth & decrease LIT price volatility
  • Maintain a high level of liquidity for LIT

To learn more about the tokenomics, please read FOO: Fungible Ownership Optimization.

Bunni liquidity incentives will be launched on January 18, 2023.


The community will be able to obtain LIT from our Liquidity Bootstrapping Pool (LBP), which will begin at 12pm January 9, 2023 (Pacific Time) and will be active for a 7 day duration. The LBP will be accessible at lbp.timelessfi.com.

Token distribution

The total supply is 1 billion LIT.

  • Community: 72%
    • 45% distributed as gauge rewards on a 4 year halving schedule
    • 11% held in the community treasury
      • Used for grants, bug bounties, audits, et cetera
    • 10% sold through LBP
      • Starts at 200m valuation ($0.2)
      • Starts with 96/4 weights, ends with 30/70 weights
      • Part of the resulting cash will be used to bootstrap liquidity
      • The remaining cash will go to the community treasury
      • The unsold LIT will go to the community treasury
    • 5% distributed to veMPH holders over 4 years via a staking pool
      • 88mph team members will not participate in the staking pool
    • 1% airdropped
      • 25% to early Timeless & Bunni users
        • Timeless team members will not be included
      • 75% to active Uniswap v3 LPs
  • Team: 25%
    • 25% vested over 4 years
  • Investor: 3%
    • 3% sold in the seed round
      • Proceeds given to team treasury
      • 6 months cliff, then 1 year vesting

The airdrop & veMPH staking pool will be launched on January 25, 2023.

Stay up to date