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How to create an LBP
Follow these step by step instructions on how to create an LBP on Fjord Foundry.
All LBPs created via the Fjord UI must be created via the Goerli test network first. If you do not create a test LBP then creation will not work. This feature ensures that creators do not encounter or create errors when setting their LBP up on mainnet, while protecting users who are participating. To create a Goerli test net LBP you will require Goerli test net tokens. Please ensure you acquire and utilise the following test net tokens below. Using other addresses may result in a 0 balance showing.
Fjord Foundry Test net Tokens can be acquired at https://app.balancer.fi/#/goerli/trade The respective test net token addresses that will be recognized by our UI are: Goerli WETH: https://goerli.etherscan.io/address/0xdfcea9088c8a88a76ff74892c1457c17dfeef9c1 Goerli USDC: https://goerli.etherscan.io/address/0xe0c9275e44ea80ef17579d33c55136b7da269aeb Goerli DAI: https://goerli.etherscan.io/address/0x8c9e6c40d3402480ace624730524facc5482798c
Once you have tested your LBP on Goerli you can then deploy on mainnet.
Input a valid ERC-20 contract address and provide a valid image link for your project token.
Input the number of tokens to be added to the LBP and select your base/collateral token and input the amount of base tokens you wish to add to the LBP.
Give those tokens an initial value by collateralizing them and selecting a start weight.
The available collateral assets are WETH, DAI, or USDC. Liquidity will be provided with the resulting balances and weights. The value of the collateral can be potentially amplified by up to 99 times by weighing it as lower proportion within the liquidity pool.
Set a duration for the LBP
Now that you have your base and main tokens selected, ensure that you have set the right parameters for your LBP by testing the settings. Check the implied market cap and ensure you are comfortable before proceeding.
This step, in combination with the start weights and token balances, creates the price decay effect for LBPs.
This is your opportunity to share more about your project and provide a resource for users to learn more about your project.
The swap fee is earnt by the LBP creator during the duration of the LBP.
Once this is complete a green tick should appear indicating the account has been authenticated.
These transactions ensure your LBP is set up successfully.