A Liquidity Bootstrap Pool (LBP) is a type of decentralized finance (DeFi) tool used to help new tokens gain liquidity and price stability when they are launched. It allows liquidity providers to contribute assets to a pool while enabling a smooth price discovery process.In an LBP, the initial price of a token is typically set higher to attract early investors. Over time, the price gradually decreases, which encourages buying and fosters liquidity. This mechanism helps to prevent price manipulation and ensures that the token can find its true market value organically.Participants in an LBP can add or remove liquidity, and they often receive rewards in the form of fees or additional tokens. This pool structure not only benefits the projects launching the tokens but also incentivizes users to provide liquidity, creating a balanced trading environment. Overall, LBPs are designed to promote fair access and foster a healthy trading ecosystem for new tokens.