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Pencils Protocol
Pencils Protocol is an all-inclusive auction platform and yield aggregator built on the Scroll zkEVM ecosystem, offering token launch auctions, farming, vaults, swap, and liquidity products alongside a community points system called Pencils.
Distributed
Description
Pencils Protocol provides a blockchain-based platform on the Scroll zkEVM ecosystem that powers auctions for crypto and real-world-collectable assets alongside DeFi services. Its products include Auctions (streamlined token launches with an incentives system), Farming (yield generation across various assets using a dynamic interest model), Vaults (leverage yield farming, on-chain delta neutral strategies, on-chain synthetics, and exotic options), and Swap/Liquidity tools for low-slippage, low-gas trading. The protocol also runs 'Pencils,' a community points system rewarding active users with token allocations and exclusive merchandise for contributions and engagement within the Scroll ecosystem. Its clients/users are primarily DeFi participants and crypto users seeking token launch access, yield farming, and vault-based yield strategies. As of mid-2025, the platform noted the discontinuation of its Scroll Session 2 and is returning deposited assets while preparing a brand upgrade, and reported Total Value Locked at $0.Grant Funding
VC Funding
None
2024
$0
$30M