Custom Hooks
Unlock full composability for your token launch.
Last updated
Unlock full composability for your token launch.
Last updated
The Dreampad custom hook is designed to offer maximum flexibility, accommodating various project requirements and investor demands. It also expand the range of assets that can be launched on chain. We used a modular development approach to create them, allowing projects to use multiple custom hooks simultaneously to support their launch requirements.
We also encourage community developers to create their own hooks—once merged into the official collection, contributors receive token incentives through our program.
The vesting hook is one of the official hooks we provide. Projects that use this hook at launch can set up a predefined vesting schedule, allowing a percentage of the LP to be released linearly over time.
The design of the “future option” contracts on tokens enables traders to speculate on the future price of tokens, including those in circulation and those not yet launched.
These futures tokens are redeemable 1:1 for the underlying token, and provide a way for founders, early investors and large holders to manage exposure and liquidity.
The contracts can feature set maturity dates (when the token is “expired” and auto redeemable 1:1 for the underlying token) and customizable criteria (details tbc) to meet funding / trading strategy needs.
The three main use cases for such contracts are:
Liquidity for Founders: Founders can raise funds by selling futures contracts on their tokens through Dreampad, securing liquidity before the actual token generation event (TGE).
Exposure Management: Large holders or "whales" can reduce exposure to specific projects by offloading tokens (potentially at a reduced rate) through futures contracts with future expiry dates, limiting the impact on the spot market price.
Trader Speculation: Traders can speculate on the future value of tokens, especially those awaiting their Token Generation Event (TGE), aiming to profit from anticipated price movements.
The Remove & Burn Liquidity Hook is another official hook we provide. When launching via the FTO model, projects can use this hook to burn their own tokens when they remove liquidity from the pool. This hook can also be combined with the vesting hook.
The objective of the Remove & Burn Liquidity Hook is that, by reducing the token supply, this hook creates strong buying power for the token.
