# Introducing Gavel

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**Gavel is a launchpad powered by Uniswap-style Continuous Clearing Auctions (CCA).**\
Projects sell tokens over time, discover a real market price, and seed liquidity automatically — without timing games.

### What Gavel does

Gavel is built for launches that should be:

* **Open by default** — fair launches anyone can join
* **Market-priced** — price is discovered over time, not set in a private chat
* **Onchain-verifiable** — bids, prices, allocations, and settlement are auditable
* **Liquid from day one** — trading starts immediately at the discovered price

### Why traditional launches fail

Most token distributions still run into the same problems:

* **Prices are set arbitrarily** (often behind closed doors)
* **Allocations are opaque** (who got in early, how much, and why?)
* **Liquidity is weak** (proceeds don’t reliably become real liquidity)

Gavel fixes this by making the launch mechanism do the enforcing.

### The core idea: Continuous Clearing Auctions (CCA)

In a CCA, participants don’t “race” to buy first.

Instead:

* Token supply is released **over time**
* Participants bid with a **max price**
* The auction clears **continuously (per block)** at a single shared price

This shifts the game from speed → valuation.

### How Gavel works (in 30 seconds)

1. **You place a bid**\
   Set how much you want to commit and your **max price**.
2. **Demand accumulates**\
   As more bidders join, demand stacks and the **clearing price updates**.
3. **The market clears**\
   Each block ends with **one clearing price**.\
   If the clearing price is **≤ your max price**, you get filled — and everyone who fills pays the same price.
4. **Liquidity from day one (Uniswap v4)**\
   When the auction ends:

* allocations settle
* proceeds seed **Uniswap v4 liquidity automatically** (or via Gavel/Clanker routing)
* trading starts immediately at the discovered price

**Liquidity isn’t promised — it’s enforced.**

### Launch modes

Gavel supports two modes, both using the same CCA engine:

#### 1) Fair Launch (Permissionless)

* Anyone can create and join
* Open participation, no gatekeepers
* Clean onchain price discovery + auto-liquidity

#### 2) Curated Presale (Optional controls)

For curated launches, Gavel can add:

* **Allowlists**
* **Per-wallet caps**
* **Private bidding**\
  Without changing the core CCA mechanism.

### Gasless funding (x402)

Gavel supports **gasless funding via x402**, so users can participate without needing native gas on the destination chain.

No wallet fragmentation.\
Just fund and bid.

### What’s next

* More curated launches on Gavel (mainnet-ready)
* Deeper UX + analytics for bidding and price discovery
* **$GAVEL launch** to kickstart the flywheel

### Start here

* Explore active auctions
* Place a bid
* Launch a token (fair launch or curated)