DefiLlama research report examines Boardwalk's approach to token economy design with fee routing, auction models, and vesting mechanisms.
Ecosystem ·
DefiLlama published research examining Boardwalk, a token launch platform designed to address the gap between initial market creation and sustained token economies. The report notes that while launchpad infrastructure has streamlined token issuance, most efforts focus on getting markets live rather than sustaining participation afterward—liquidity often migrates post-launch, and trading volume follows to external venues, leaving token communities fragmented.
Boardwalk's approach centers on extending engagement beyond launch through fee routing to infrastructure partners, immutable vesting mechanisms, and auction-based price discovery. The platform employs auctions as its core launch model, contrasting with bonding curves and direct AMM launches that prioritize speed. According to the research, auctions separate contribution phases from secondary trading, allowing the market time to assess demand without the reflexive price action and bot pressure that characterize faster models. Boardwalk implementations feature a fixed 10 billion token supply, with a portion offered through one of two auction types that issuers can select.
The research does not specify which auction model Boardwalk deployed for existing launches or detail the fee-routing mechanics and vesting parameters beyond noting their inclusion in the design. Whether Boardwalk's structural changes meaningfully retain long-term participation or attract sustainable trading volume remains to be observed.