Zero Liquidity LBPs

Learn more about how Zero Liquidity LBPs work. To set one up, simply follow the standard LBP creation flow as it's now the default option.

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Zero Liquidity LBPs are an advanced sale feature on Fjord that allow projects to launch without providing upfront capital. Instead of starting with actual deposited liquidity, these LBPs use a virtual automated market maker (vAMM) model, which blends real and virtual liquidity once the sale begins.

This feature is fully supported across Fjord’s LBP infrastructure and is available by default when setting up a compatible sale—no additional configuration is required beyond selecting the LBP mechanism as your preferred choice of token sale.

How Zero Liquidity LBPs work

Virtual Launch The LBP begins in a virtual state, meaning you do not need to deposit real collateral at the start. The initial price is calculated using a combination of your token and virtual collateral (e.g. USDC, WETH), based on the weight curve you define.

First Purchase Triggers Real Liquidity When a buyer makes the first contribution with real assets (e.g. USDC or WETH), the system blends this real liquidity into the pool and continues with the programmed pricing trajectory.

Dynamic Price Discovery After the initial trade, the LBP functions like a traditional LBP, with pricing determined by market activity and the predefined curve

Benefits of Zero Liquidity LBPs

No Upfront Capital Required Launch without needing to deposit stablecoins or other collateral. This reduces financial barriers for early-stage projects. Lower Risk Exposure Creators don’t risk capital by funding the pool upfront—real liquidity only enters when participants contribute.

Equal Accessibility This model makes LBPs more accessible to all types of projects, encouraging innovation and experimentation.