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

by Mike Robinson

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The White Whale IDO “The BOOTSWAP” Fetches $27M of Protocol-owned Assets
  • To bootstrap the protocol-owned liquidity, White Whale’s team uses LBP/POL.
  • They modify the contract instead of using LBP’s launch mechanism.
  • The success of the experiment made the team call the event “THE BOOTSWAP.”

DeFi is the new revolution that the crypto industry has been looking for. 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.

DeFi is taking another step to make crypto more accessible for everyone, not only for whales. POL and LBP have both been combined on a large scale for the first-ever time.

These two concepts were merged by the White Whale team, who leveraged LBPs to fund their protocol-owned liquidity. Instead of the original LBP launch mechanism, however,

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