They’re not. The vast majority of early liquidity in this and most DeFi protocols is raised from institutions, VCs, and trading firms.
This is especially the case for protocols like Nomad that don’t yet have a native token. They’ll get liquidity commitments through over-the-counter SAFT agreements that give the VCs a percent of the future tokens.
This is especially the case for protocols like Nomad that don’t yet have a native token. They’ll get liquidity commitments through over-the-counter SAFT agreements that give the VCs a percent of the future tokens.