# LBP

A <mark style="color:purple;">Liquidity Bootstrapping Pool</mark> (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.&#x20;

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: \[[<mark style="color:purple;">Fjord Foundry</mark>](https://help.fjordfoundry.com/fjord-foundry-docs/welcome-info/what-is-a-liquidity-bootstrapping-pool-lbp-+-features)]

MONAI LBP: <https://monai.dev/lbp>