BNB Chain Launches Balancer Liquidity Bootstrapping Pools via Fjord

We are excited to announce the launch of Liquidity Bootstrapping Pools (LBPs) on BNB Chain mainnet. Developed in partnership with Fjord and Balancer, LBPs will allow new projects to seamlessly and fairly generate liquidity while providing an opportunity for everyday users to invest in innovative ideas and discover new communities.

The launch of LBPs on BNB Chain provides a new way for projects aligned with the BNB ecosystem to encourage community-first support. The initial roll out will support ERC-20 tokens, with expansion to support fair launch NFTs on BNB Chain in early 2023 via Fjord NFTs.

LBPs on Fjord have provided community funding of more than $750 million, with over 60,000 users interacting with the platform since September of 2021, making them an ideal partner for the launch of this initiative. Using Balancer technology, Fjord has supported hundreds of teams, including Merit Circle, GuildFi, Kapital DAO, and many others in the GameFi, DeFi, and community DAO industries.

Fjord and Balancer LBPs are renowned for reducing the impact of sniper bots and whales on token launch events, supporting organic and fair price discovery, and creating sustainable communities by ensuring launch events aren’t negatively impacted by users with asymmetric information and technical ability.

“LBPs provide a reliable and effective way to ensure that there is sufficient liquidity available for trading and that the token's price is fairly discovered through the community’s input, allowing projects to focus on what they do best – building high quality, value-add dApps,” said Walter, Growth Manager for BNB Chain.”

“Fjord Foundry’s LBP solution on BSC is perfect for projects looking to bootstrap their community. With BNB Chain’'s high scalability and ability to handle high transaction volumes,  teams can quickly and easily get their projects off the ground and begin building,” said Ri, Product Lead for Fjord.

BNB Chain will continue to roll out innovative utility on-chain for the benefit of developers, users and the broader ecosystem.

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