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The White Whale IDO “The BOOTSWAP” Fetches $27M of Protocol-owned Assets

Published 12/22/2021, 12:51 AM
Updated 12/22/2021, 01:00 AM
The White Whale IDO “The BOOTSWAP” Fetches $27M of Protocol-owned Assets

  • The White Whale team combines LBP and POL to bootstrap their protocol-owned liquidity pool.
  • Instead of using the LBP launch mechanism, they modify the contract.
  • The success of the experiment made the team call the event “THE BOOTSWAP.”

The DeFi world has proven to be the revolution the crypto space has been searching for in a while. In a short period, DeFi brought with it more innovations such as the Liquidity Bootstrapping Pools (LBP’s) which has to be one of the fairest token distribution models, and Protocol Owned Liquidity (POL) that is arguably the DeFi tag line of the year.

This week, DeFi has warmed up to yet another step towards making crypto not just for the whales but also for all. For the first time, LBP and POL were tried together on a larger scale, in as much as respectively, both have been widely adopted this year.

In particular, the White Whale team merged these two concepts and leveraged an LBP to bootstrap their protocol-owned liquidity pool. But, instead of using the LBP launch mechanism which was initially used by

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