Convert Automata Network ATA to Bunni BUNNI

ATA is an Ethereum token that powers Automata, a suite of privacy solutions for decentralized applications. Automata solutions include Witness (a private voting solution for DAOs), Conveyor (enabling MEV prevention for dapps), and Librarian (enabling privacy for data query and indexing on public blockchains). In the future, Automata plans to transition to a “Nominated Proof of Stake” network where ATA will be used for staking, paying transaction fees, and voting on the future of the network.

LIT, or Liquidity Incentive Token, is the core component of Timeless' liquidity engine, Bunni. Bunni is a liquidity engine that was built on top of Uniswap v3. It was initially released in October 2022 as a public utility that represents Uniswap v3 liquidity positions as fungible ERC-20 tokens instead of NFTs. This allows for more complex incentivization schemes to be created for Uniswap v3 liquidity. Timeless hopes that by launching LIT, other projects will be able to incentivize their token liquidity at a much higher level of efficiency. Additionally, Timeless will use LIT and Bunni to bootstrap liquidity in its own yield token markets. Since its initial release, Timeless has continued to improve and develop Bunni, turning it into a full-fledged liquidity engine, with improvements to its tokenomics inspired by protocols such as Curve and Balancer. These improvements aim to: - Encourage the longevity of the protocol by disincentivizing farming-and-dumping and aligning the interests of liquidity providers and LIT holders - Provide the protocol with a large treasury to fund growth and reduce LIT price volatility - Maintain a high level of liquidity for LIT You can read more about the LIT tokenomics on our blog.