Retrospective #2: LFG

LFG started as an experiment to build the world’s first truly decentralized launchpad, with the community being actively involved every single step of the way, from the initial filtering of proposals by learning more about each project, to the many hours of AMAs and townhalls and Twitter Spaces, and finally to select the projects to launch with the voting.

As outlined in the first LFG tweet: https://t.co/ajdoZ7UAcm the goal is to create a process that aimed to solve a number of issues with the current launch meta, including

1. Opaqueness around trading activity during launches: LFG tackled this with transparent on-chain market making around launches.

2. Project team getting the liquidity too early before price discovery is done – this is solved with the backstop buyer-regret liquidity in LFG.

3. Adversarial relationship between early and late buyers – this is addressed with the Alpha Vault mechanism in LFG giving all buyers an opportunity to be “early” if they want to support the project.

And what a 9 months it has been! We have launched a total of 6 projects on LFG, with 1 more soon to come. This list includes top-tier projects such as Sanctum and deBridge, and of course, we launched our own JUP token on LFG too.

We are extremely proud of what we have accomplished together with the community’s efforts and we look forward to creating an even better experience for everyone in LFG v2 as we review the kinks in V1 and improve upon them.