Hey folks,
Back on May 22, 2010, Laszlo Hanyecz made history by buying two pizzas for 10,000 BTC, marking a legendary moment in the crypto world.
That event got me thinking and led to the creation of Pizza.
Pizza is an Ethereum protocol that builds on Sato, a solid monetary protocol exploring a future of digital money on Ethereum without needing operators. Everything about the issuance is run by clear smart contracts, and there's no premine, treasury, governance, or upgrade options.
Pizza is the first app built on Sato. Instead of starting with a set amount, new Pizza is created through a one-way bonding curve. Users put Sato into the oven, the protocol figures out the output from the curve, and new Pizza gets minted automatically.
Every bake raises the future minting cost of Pizza permanently. What’s cool is that unlike many bonding-curve systems, the Sato deposited isn't kept by the protocol or a treasury. It goes straight to the stakers in the Pizza/Sato Uniswap V2 liquidity pool, rewarding those providing liquidity.
When we launched, we minted 100,000 Pizza to kickstart the initial Pizza/Sato Uniswap V2 liquidity pool. Those LP tokens were burned forever, locking in the initial liquidity.
The Sato protocol also plays around with Uniswap v4 Hooks, using smart contracts that work on their own to set up a permanent, operatorless liquidity framework.
Check these out:
Website
https://satopizza.xyz
Whitepaper
https://satopizza.xyz/whitepaper
Sato
https://sat0.org
GitHub
https://
Celebrating Bitcoin Pizza Day with a New Ethereum Protocol
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