Before explaining the concept of locking liquidity on any AMM (Automated market maker - e.g Uniswap, Honeyswap), we recommend this video for anyone not familiar with the liquidity pools on top of Decentralised Exchanges.
Developers that are listing their tokens on Decentralised Exchanges are granted LP tokens when they initiate a pool. These LP tokens, once in their possession, can be transferred like any other tokens on the blockchain they have been minted on (theoretically, LP tokens could also transit on other blockchains using bridges, but this is not something done very often)
A liquidity locker allows the developer to store these LP tokens in a smart contract, revoking his permission to move these LP from a start date (or, more accurately, a start block) to an end date (end block).
The Unicrypt liquidity locking service is widely used when it comes to DeFi projects. We could even argue that it is an industry standard that comes right after the creation of any new liquidity pool on different Decentralised exchanges.
Different liquidity locking services and smart contracts exist on the market. However, we are proud to re-affirm that Unicrypt invented the liquidity locking concept, back in summer 2020. Check the genesis here, and appreciate our new UI!
Since then, we have deployed new smart contracts (called LockersV2 on the blockchain), supporting exclusive features that you will only find here. Please find them below :
Transfer of Ownership
Migration to UniV3 protocol pools
⌛ (UniV3 pending)