BNB Chain launches Liquidity Bootstrapping Pools in partnership with Fjord, Balancer

According to a statement on December 19, BNB Chain collaborated with Fjord and Balancer to network Liquidity Bootstrapping Pools (LBP). 

 The move allows new projects to create liquidity and gives everyday users the opportunity to invest in innovative ideas and discover new communities. 

 LBPs will initially support ERC-20 tokens with plans to expand to include the fair launch of NFTs on the BNB chain in early 2023 via Fjord NFTs. 

The Fjord LBPs have already raised more than $750 million in community funding and have been used by more than 60,000 users as of September 2021. With Balancer technology, Fjord has supported many teams such as Merit Circle, GuildFi, Kapital DAO and others in GameFi , DeFi. and community DAO industry.

 Fjord and Balancer's LBPs can reduce the impact of snipers and whales on token launch events, support fair price discovery and build sustainable communities by ensuring that launch events are not influenced by users with asymmetric knowledge and technical skills. 

 BNB Chain says it will continue to introduce innovative on-chain utility for the benefit of developers, users and the wider ecosystem.

Source :cryptoslate

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