Creation FAQs

How does the LBP work on Bazaar?

• LBPs on Bazaar serve as a dynamic and fair mechanism for token launches. During the sale, LBP participants purchase receipt tokens (rTOKENs) which can be redeemed 1:1 for the canonical project token once enabled post sale. This method ensures uninterrupted and stable liquidity during the sale.

What are the advantages of using LBPs for my project launch on Bazaar?

• LBPs on Bazaar offer reduced initial capital requirements, lower risk of market manipulation, inclusive community participation, flexible liquidity provisioning, lowest fee structures, and cross-chain functionality for broader market access.

How do I set the initial parameters for my LBP on Bazaar?

• Deciding on start and end weights, initial liquidity, and the pricing mechanism is crucial. Bazaar recommends starting with a high initial sale token weight to deter front-running and manipulation. Projects should use the LBP simulator to find the optimal launch parameters. As a general rule of thumb, the delta between the end weight of the quote token and starting weight of the sale token provides the approximate % of tokens being sold.

What fees does Bazaar charge for hosting an LBP?

• Bazaar implements a transparent fee structure for LBPs, including a nominal percentage of the quote token balance at the conclusion of the LBP. Bazaar charges 2.00% sale fee and 0.50% swap fee for curated launches, while charging 3.00% sale fee and 1.00% swap fee for permissionless, unvetted launches.

Can I adjust parameters during an LBP on Bazaar?

• Once an LBP has been initialized by the pool creator, the parameters are immutable and adjusting token weights is not permitted. This includes token weights, initial liquidity, and duration of the LBP. It's crucial to carefully plan and set these parameters correctly before proceeding to ensure a successful launch.

What actions can I take during a live LBP on Bazaar?

• If there are unforeseen issues during a live LBP, project creators can monitor and pause/unpause the LBP duration when necessary. Please note that direct adjustment of any other LBP parameters is restricted to maintain fairness and transparency.

How do I conclude an LBP on Bazaar?

• After the remaining duration of the LBP reaches zero and the sale concludes, project creators must enable the claim function for participants to exchange their receipt tokens for the official token. This should be done ideally after liquidity has been pulled from Bazaar LBP and seeded on a third-party venue (i.e. Uniswap V3).

What networks does Bazaar support for LBPs?

• Bazaar is designed to support multiple blockchain networks, enhancing cross-chain functionality and accessibility. Bazaar is natively integrated for Ethereum, Arbitrum One, Optimism, and Polygon POS,

Are there any restrictions on participation in LBPs on Bazaar?

• Bazaar adheres to legal and regulatory requirements, allowing projects to set participation restrictions based on geographic location or other criteria. By default, users from OFAC-sanctioned countries are not permitted from participating in sales.