What is LBP?

In addition to the regular IDOs organized within our ELC, we are introducing the unique concept of Liquidity Bootstrapping Pools that aligns perfectly with Parachute's "Ensuring a safe landing" credo.

What is LBP?

A Liquidity Bootstrapping Pool (LBP) is an innovative method for launching tokens and establishing liquidity. It employs a descending price strategy, similar to a Dutch Auction, where prices start high and gradually decrease over time. This pricing model is designed to mitigate the influence of sniper bots and large investors, fostering a community-centric approach to price discovery and enabling participants to buy tokens at a price they find fair. Permissionless Launches are an ideal mechanism for launching a token and ensuring necessary liquidity with 100% transparent and organic on-chain market making and price discovery.