Liquidity Bootstrapping Pool
Radicle is progressively decentralizing its network by distributing decision-making power to a wider group of people.
This is a proposal to make 3.75% of the Radicle token supply available for interested parties within the Radicle community. It uses Balancer, a decentralized exchange and leverages a mechanism called Liquidity Bootstrapping.
The purpose of this proposal is to:
- Distribute the Radicle token among the wider Radicle community, beyond early contributors and team members.
- Build deep liquidity for the Radicle network, setting it up for long-term success.
- Begin price discovery for the Radicle token.
Proceeds from the event will be held by the Radicle Treasury, a smart contract fully controlled by the Radicle token holders.
Read more about the Radicle Treasury here.
LBP specifications
- Pool tokens:
RADandUSDC - RAD start balance: 3.75M
- USDC start balance: 3.5M
- RAD start weight: 92.5
- RAD end weight: 50
- USDC start weight: 7.5
- USDC end weight: 50
- Swap fee: 0.5%
- Duration: 2 days
- Sale address:
0x864fDEF96374A2060Ae18f83bbEc924f174D6b35 - CRP address:
0x750dD34Fb165bE682fAe445793AB9ab9729CDAa3
What is a Liquidity Bootstrapping Pool?
Balancer’s Liquidity Bootstrapping Pool (LBP) is a Balancer pool that automatically adjusts its token weights over time. This applies downwards price pressure on the token and disincentivizes front-running, speculation and whale buying. See Balancer’s Liquidity Bootstrapping Pool FAQ for more information.
Why a Liquidity Bootstrapping Pool?
The Liquidity Bootstrapping Pool is a battle-tested mechanism for price discovery and liquidity building. It’s been successfully used by numerous teams including Hydra, APY Finance, and Perpetual protocol.
How was this proposal discussed?
This proposal was put together by early contributors behind the Radicle project.
Moving forward, all proposals will be discussed openly and developed through the formal governance process. This process is meant to be owned and developed collectively by the Radicle community. More information can be found on https://radicle.community.
Additional resources
Why we chose to distribute PER using a Balancer Liquidity Bootstrapping Pool
APY Finances’ LBP Step by Step Guide
APY.Finance TGE on Balancer’s LBP (Liquidity Bootstrapping Pool)
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 Abbey Titcomb | 2.815M | FOR |
 0x464D...c90B0b | 2.5M | FOR |
 0x6311...7bC1af | 679,095 | FOR |
 0x877B...6E8ecC | 431,683 | FOR |
 0x4155...F61038 | 320,540 | FOR |
VOTE POWER
Proposal Status
- Published Onchain
0x641e...AA97fF - Sat February 20 2021, 11:30 pmVoting Period Starts
- Tue February 23 2021, 03:29 pmEnd Voting Period
- Tue February 23 2021, 04:32 pmQueue Proposal
- Thu February 25 2021, 04:39 pmExecute Proposal
Current Results
1-FOR
7.107M
2-AGAINST
N/A Tokens