Hi everyone,
On 22 May 2010, Laszlo Hanyecz spent 10,000 BTC on two pizzas, creating one of the most iconic moments in cryptocurrency history.
Original Bitcoin Pizza Day thread:
https://bitcointalk.org/index.php?topic=137.0That story inspired me to build Pizza.
Pizza is an Ethereum protocol built on top of Sato, an immutable monetary protocol that explores what operatorless digital money can look like on Ethereum. Issuance is governed entirely by transparent smart contracts, with no premine, treasury, governance, or upgrade path.
Pizza is the first application built on top of Sato. Rather than launching with a fixed supply, new Pizza is baked through a one-way bonding curve. Users deposit Sato into the oven, the protocol calculates the curve output, and newly minted Pizza is issued automatically.
Each bake permanently increases the marginal cost of minting future Pizza. Unlike most bonding-curve systems, the deposited Sato is not retained by the protocol or a treasury. Instead, it is distributed to stakers of the Pizza/Sato Uniswap V2 liquidity pool, rewarding the liquidity providers who support the market.
At launch, 100,000 Pizza was minted to seed the initial Pizza/Sato Uniswap V2 liquidity pool. The LP tokens were then permanently burned, making the initial liquidity immutable.
The underlying Sato protocol also experiments with Uniswap v4 Hooks, using autonomous smart contracts to create immutable, operatorless liquidity infrastructure.
Resources
Website
https://satopizza.xyzWhitepaper
https://satopizza.xyz/whitepaperSato
https://sat0.orgGitHub
https://github.com/xqft1I'd genuinely appreciate feedback from the Bitcointalk community. I'm particularly interested in opinions on the one-way bonding curve, the LP reward model, and the use of Uniswap v4 Hooks as a foundation for autonomous DeFi protocols.
