Glossary
Liquidity Bootstrapping Pool
A weighted AMM pool whose token weights shift over time, letting projects launch and price-discover a new token with minimal starting capital while discouraging bots and snipers.
A liquidity bootstrapping pool (LBP) is a fair-launch mechanism built on a weighted AMM such as Balancer. Instead of a fixed 50/50 ratio, the pool starts heavily skewed toward the new token — say 90/10 against the collateral — and the weights glide toward parity over a window of hours or days.
The shifting weights create constant downward price pressure, so a sale only clears if genuine demand outpaces the decay. This design lets a team seed the pool with little collateral, spreads buying over time, and blunts the advantage of front-running bots and whales that plague ordinary token launches.