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The current Uniswap V3 version was a great innovation to the Defi sector, but lack of profitability from LP side will create headwinds in the future. For that reason we will introduce a protocol that aims to solve this problem
Bunni is a liquidity engine that aims to create a layer of incentives on top of Uniswap V3 concentrated pools by wrapping LP positions into liquid versions and incentivizing them using $LIT token.
To ease the way into more Defi composability product, Bunni team created ERC 20 contract to represent all the Uniswap positions.
A pool is created permisonlessly, and anyone can create a gauge to incentivize this pool but need to have the approval of $veLIT first.
Regarding prices, Bunnie gets feeds from the price-out-of-range oracle to know if the position is within the range or not.
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