FiscusDAO, an all-chain decentralized autonomous organization (DAO) that digitally transforms revenue from physical real-world assets via smart contracts to the blockchain has unveiled plans to launch its Liquidity Bootstrapping Pool (LBP) in an announcement today.
The move reflects part of the platform’s efforts to deploy a series of features throughout the month of March culminating in the official launch.
FiscusDAO’s Liquidity Bootstrapping Pool (LBP)
In a bid to provide the Fiscus ecosystem with unique and efficient services, the team had designed a FiscusDAO’s Liquidity Bootstrapping Pool (LBP) to provide liquidity for the Fiscus project. The liquidity Bootstrapping Pool will function as a core part of the Fiscus project as it will help to ensure that the project has the liquidity it needs to succeed in its ambitious goals.
Per the announcement, LBP will provide an avenue for people to get involved with the project and earn rewards along the way. Quite interestingly, the pool is open to everyone who is interested to participate in the project.
The LBP launch will mark another major milestone following several accomplishments of the project in preparation for its public launch. The announcement further revealed that the LBP provides stability to the market and helps create opportunities for growth. Moreso, pool controllers can be allowed to pause swapping whenever they feel the need to via the Liquidity Bootstrapping Pool (LBP). Thus, serving as a hedge against high volatility in the market.
The Fiscus project has recorded incredible progress as it continues to prepare for its public launch. Meanwhile, other initiatives disclosed via the announcement include the launch of its Whitelist, funding of the first 1MM in record time, and a new website that is yet to be fully disclosed.
FiscusDAO in its unique design will offer its users the opportunity to partake in a wide range of structured finance-led projects that they may not be able to access in the open market.