Bullcheese.fun Launches on Circle's Arc With Concentrated Liquidity Model

Bullcheese.fun began operating alongside the Sept. 16 launch of Circle’s Arc Layer 1 mainnet, offering a memecoin launchpad built around single-sided concentrated liquidity rather than the bonding curve model commonly used by token launch platforms.

Users can create and trade tokens with USDC serving as the primary pricing and settlement asset. 

The platform does not require projects to go through a separate graduation phase before reaching a decentralized exchange.

Under the model, a token's full supply of one billion units is initially placed into a Uniswap v3 liquidity position without requiring USDC to be deposited upfront. 

The position is configured at prices above the initial launch level, allowing tokens to be sold from the liquidity position as buyers enter the market and push the price upward.

Bullcheese.fun charges a 1% fee on each swap. According to the platform, 75% of that fee is distributed to the token creator in USDC, with the arrangement designed to provide an ongoing revenue stream for projects.

Projects can also lock liquidity and vest team allocations onchain from the beginning. The platform says these settings can be established without requiring developers to commission custom smart contracts or wait for a separate audit process.

Liquidity locks and Arc infrastructure

The liquidity-locking system is powered by Team Finance's TrustSwap. According to Bullcheese.fun, liquidity is held through audited smart contracts for periods ranging from 90 days to five years. 

The lock duration and withdrawal address are fixed when the position is created.

Permanent or long-duration liquidity arrangements can reduce the ability of token creators to remove liquidity after attracting buyers. 

They do not, however, eliminate other risks associated with newly launched tokens, including sharp price movements, concentrated ownership or vulnerabilities in the underlying contracts.

Bullcheese.fun also uses activity-based discovery categories. Newly launched tokens are classified as “Fresh Cheese,” while projects that maintain trading volume over seven days can move into the “Aged Cheese” category. 

Ten projects are selected each week for the platform's “Bulls Arena.”

The launch coincides with the rollout of Arc, a Layer 1 blockchain developed by Circle. Arc uses USDC as its native gas asset, allowing transaction fees to be denominated in the stablecoin. 

The network is EVM-compatible and is designed to provide deterministic sub-second transaction finality through a validator architecture based on a smaller, known validator set.

For Bullcheese.fun, the Arc infrastructure provides a USDC-based environment in which token issuance, pricing, liquidity and trading can be handled through a single framework.

The launchpad's concentrated-liquidity design represents a different approach from bonding-curve platforms, although the model remains subject to the market and smart-contract risks associated with newly launched digital assets.