Abstract

Pumpkin is a native-based liquidity provision and liquid re-staking protocol built on the Metis Ecosystem. Within it's core, Pumpkin is essentially a native fork of Artichoke, a protocol that has already demonstrated traction and track record on the Arbitrum Blockchain.

Unlike many other protocols, Pumpkin provides a one-sided liquidity layer to any ERC-20 on top of any well-known decentralized exchange, by using a collateralized debt position in conjunction with an omnipool.

AMMs, LPs and staking protocols have been widely used throughout the crypto ecosystem since inception. This is due to its simplicity and straight-forward, permissionless liquidity provision for new assets created on-chain. Regardless its widespread adoption, interacting with LPs, and staking itself, are not financially efficient and far from a flawless experience.​

Several protocols such as Uniswap have improved LPs from V2 to V3 introducing range orders and one-sided liquidity provision. However, improvements are still not as efficient as we expected. Newer projects find really hard to build new and strong liquidity pools without giving up initial incentives.​

Pumpkin attempts to solve this issue by building a single-sided LP protocol (SSLP) for staking assets, without the need to provide an stable USD-pegged liquidity on the first stage of the protocol cycle.​​

Disclosure: Theoretical statements are constantly subject to improvement, which means they can be changed without prior notice. We’ll keep updating the community on our usual channels.