A Liquidity Bootstrapping Pool (LBP) aims to facilitate fair and transparent token launches. It operates on a high-to-low pricing mechanism, akin to a Dutch Auction, where prices start high and decrease over time.

This mechanism is a strategic choice as it mitigates the influence of sniper bots and large investor (whale) manipulation. Participants have the opportunity to engage in community-driven price discovery, buying tokens at a price point they find equitable.

More information: [Fjord Foundry]


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