Econia Labs is continuously pushing the boundaries of decentralized finance (DeFi), and its new project, emojicoin.fun, is one of the results of this exploration. The platform stems from a series of explorations into liquidity supply mechanisms and has been driven by the recent memecoin hype, successfully merging fun with cutting-edge blockchain technology. The following will take you through the R&D journey behind emojicoin.fun.
Exploring novel liquidity mechanisms
Econia Labs has been exploring novel liquidity supply mechanisms, seeking innovative approaches that go beyond traditional models. One of the early considerations was to combine the Econia order book with a hybrid architecture of automated market makers (AMMs), which led us to delve deeper into two specific AMM models: Constant Product AMM (CPAMM) and Concentrated Liquidity AMM (CLAMM), both of which have robust and combinable liquidity provision methods.
CLAMM as a fixed-range CPAMM
Emoji Experiment: An unexpected twist
Initially, using emojis as the currency symbol was just a random inspiration—we thought this fun idea might make internal testing easier. However, a quick experiment confirmed that emojis were fully compatible with existing products like Petra Wallet. This discovery opened up a whole new level of interaction for digital assets, blending culture and finance in a simple and effective way.
The first emojicoin transaction on the testnet
Leveraging Memecoin hype
Given the recent hype surrounding memecoin launchpads, we believed we could attempt our own rapid experiment. This experiment quickly exceeded our expectations. As we delved deeper into the mathematical principles behind the CPAMM and CLAMM models, it became clear that their structures could be directly applied to what would ultimately become the emojicoin.fun project.
In-house built integrated solutions
The uniqueness of emojicoin.fun lies in the fact that it is entirely designed in-house by the team. Unlike other products that rely on multiple protocols (such as using an 'outsourced AMM' like Raydium) to piece together solutions, we built the entire platform from scratch. The foundation of the project is based on mathematical derivations from first principles, ensuring that our approach is mathematically sound and combinable for future use cases.
Fully customized DEX architecture built from scratch
Powered by a Move-based blockchain with unique features
emojicoin.fun is built entirely from the ground up, leveraging the unique features of the network, such as arithmetic aggregators that support parallelized global counters to track metrics like transaction volume and TVL. This allows for real-time, efficient updates across the entire platform without sacrificing the performance of any individual market or requiring serial transaction execution.
Using arithmetic aggregators to track global statistics of parallelized markets
Professional yet fun: The birth of the whitepaper
To add a layer of professionalism to the project, the team incorporated LaTeX for mathematical derivations and citations in the emojicoin.fun whitepaper, mimicking the style of traditional mechanism design whitepapers. During drafting, the team primarily worked in dark mode to reduce eye strain, and as the project progressed, we thought, 'Why not just publish it like this?'
Thus, the emojicoin.fun whitepaper was born—a stylish, dark-themed document that reflects both the serious technical foundation of the project and the fun and innovative spirit behind it.
emojicoin.fun: Redefining DeFi with culture and experimentation
emojicoin.fun is not just a meme coin launchpad—it is the product of in-depth research, creative experimentation, and cutting-edge blockchain technology. By merging novel liquidity allocation mechanisms with a highly interactive user experience, the team has built something that is both innovative and fun. The vision of emojicoin.fun is to allow users to participate in decentralized finance in a way that is accessible, enjoyable, and rooted in a strong technological foundation.
You can follow the official X accounts of emojicoin.fun and Econia Labs for more information, or check out Econia Labs on Medium or join the Econia Labs Discord community.