Liquid World Assets escrows Uniswap v3 liquidity positions behind an ETH reserve. Acquisitions are allocated by verifiable randomness — Chainlink VRF, settled strictly first in, first out. Every certificate is productive: the underlying earns fees while it waits for its collector.
Three moves. No order books, no negotiation — a reserve, a draw, a settlement.
A consignor deposits a Uniswap v3 position NFT together with an ETH reserve — an irrevocable standing bid to repurchase their own asset. Allocation weight is inverse to the reserve: modest reserves circulate, serious reserves sit.
weight = 1 / reserveAn acquirer pays the mathematical expectation of the draw plus a fixed premium. Chainlink VRF selects the lot; requests settle strictly in the order received, and any drift beyond tolerance converts to a refund credit — never a stale fill.
fee = EV × 1.10Keep the position and its yield, and the consignor recovers their reserve less a fee. Or accept the standing bid — most of the reserve, paid in ETH or $LWA — and the certificate returns home. Every acquisition fee is shared equally among the lots still on the floor.
delivery · settlementThe price of a draw is the harmonic mean of all reserves — dominated by the most modest lots, published on-chain, verifiable by anyone before bidding.
Graded and classed by reserve. Engravings are generated on-chain-deterministically from each lot's fingerprint.
A fixed billion units, and none of it endows the house. Half seeds the market — one single-sided position on Uniswap v4 — a fifth is a community claim, and every fee the floor produces buys the rest back.
Emissions run fifteen days: consignors stream rewards on the square root of their reserve, acquirers split a daily settlement pot. The final fifth is a published snapshot anyone eligible can claim — not a team bag. Thereafter a permissionless buyback — rate-limited, TWAP-bounded — recycles protocol revenue: 40% to consignors, 40% to the daily pot, 20% retired permanently. The scrip is accounted separately from lot solvency; it can never encumber an escrowed position or its reserve.
1. Nature of the service. LWA operates an autonomous smart-contract system for the randomized allocation of escrowed liquidity positions. It is not a custodian, broker, investment adviser, or auctioneer of record. All settlement is final at the protocol layer. — 2. Randomness. Draws are resolved by Chainlink VRF; requests settle in strict order of receipt. Deposits made while a draw is open are staged and cannot alter its selection set. Where pricing drifts beyond stated tolerances, the acquisition fee converts to a refund credit. — 3. Consignor risk. A consigned position may be allocated before accumulated fees offset its loss. The standing bid is irrevocable once a lot is allocated.
4. The scrip. $LWA carries no claim on assets, revenues, or governance, and no expectation of value. — 5. No audit. The contracts are unaudited. Interact only with capital whose loss you can bear gracefully. — 6. Jurisdiction. Randomized-allocation mechanisms may constitute regulated gambling or a regulated offering in your jurisdiction. Access is your responsibility, not ours. — 7. Provenance. The mechanism descends, with respect, from the Fake World Assets protocol; the implementation is original, clean-room, and MIT-licensed.