Copper and Balancer Align On Terms

It is with great pleasure that we announce Copper is aligning with Balancer, paving the way for future sustainability for both ecosystems and for Copper to continue innovating on top of Balancer Protocol’s Liquidity Bootstrapping Pools (LBPs) and underlying codebase.

Copper is a platform for liquidity and price discovery. Its intuitive UI built on top of the Balancer protocol has resulted in numerous successful LBPs for projects such as GuildFi and Merit Circle.

Following the recent successes of these projects and the positive collaborative efforts between the Balancer Labs and Copper teams, we’re excited to have alignment on the following key areas:

Platform access fees

The goal of both Copper and Balancer Labs is to ensure that both ecosystems become self-sustaining to ensure long term viability. Copper will activate a 2% platform access fee through Copper, which will be split equally (50/50) between the Balancer DAO and Copper. We expect this solution to be live on Polygon by the end of the day on 12/09/2021 UTC time and deployed to Ethereum Mainnet by end of day on 12/15/2021 UTC time . Copper was incubated within the Alchemist community and its access fees will be distributed to Alchemist community members according to the Product Utilization core governance vote passed on September 12th, 2021. We will publish the full details around this in a future article.

Projects hosting a launch on Copper can continue to expect to earn a swap charge. The charge is flexible for teams to choose themselves depending on their goals. Our recommendation is that teams set the swap charge at 2.5%.

Business Development

Copper and Balancer Labs will share business development efforts to educate other teams about how to leverage Liquidity Bootstrapping Pool technology as an avenue for price discovery.

Ongoing support

Copper is built on top of the Balancer Protocol, an open-source protocol developed by the Balancer Lab’s team. Expertise from Balancer Labs has been extremely valuable for enabling Copper to move forward. The Balancer Lab’s team remains committed to supporting Copper as the Balancer Protocol technology continues to evolve.

Innovation

The Balancer Labs and Copper teams are both determined in their shared mission to provide open, fair and transparent access to LBP for projects and participants. Where aligned, both teams are committed to collaborating on ideas and new projects that can benefit both ecosystems.

Both the Copper and Balancer Labs teams have enjoyed a successful relationship thus far. We are excited to continue growing and moving forward, providing a clear pathway for joint success.

Fernando Martinelli — Founder and CEO of Balancer Labs

Ri — Product Owner of Copper