Copper commits to further build on top of Balancer Protocol’s underlying codebase.We are thrilled to announce that Balancer Labs is further aligning with Copper, paving the way for future revenue generation for both ecosystems. Copper has committed to continue innovating on top of Balancer Protocol’s Liquidity Bootstrapping Pools (LBPs) and underlying codebase.On the journey to decentralization, a fairly distributed token ownership is at the core of growing a protocol from a wide set of diverse opinions to a fully fledged DAO. Balancer Liquidity Bootstrapping Pools (LBPs) are a prime building block to facilitate the growth of a decentralized future. Copper’s permissionless token launch platform and its intuitive UI, built on top of the Balancer Protocol, has resulted in numerous successful raises for projects. The most recent record-breaking LBPs include GuildFi’s $139m raise and Merit Circle’s $103m raise.“Balancer Labs is very excited to be working with the Copper team to build out LBPs, focus on revenue generation, and much more to come! We are looking forward to fostering the growth of projects that are built on Balancer, as we believe that is the clearest pathway for joint success.”Following the recent success of these launches and the positive collaborative efforts between the Balancer Labs and Copper teams, we’re excited to have alignment on the following key areas:Revenue generationThe goal of both Copper and Balancer Labs is to ensure that both decentralized ecosystems become self-sustaining and revenue-generating to ensure long term viability. Copper will activate a 2% fee on funds raised through Copper Launchpad, which will be split equally (50/50) between the Balancer DAO and Copper. Copper expects this solution to be live on Polygon on 12/09/2021 and deployed to the Ethereum Mainnet on 12/15/2021.Projects hosting a launch on Copper can continue to expect to earn a trading fee on transactions. The fee is flexible for teams to choose themselves depending on their goals. Copper’s recommendation has been that teams set the trading fee at 2.5% per transaction.This is an interim solution, with the medium-term goal of creating a fee solution based on the volume traded rather than funds raised, which is currently being scoped by the Copper team.Business DevelopmentCopper and Balancer Labs will share business development efforts to educate other teams about how to leverage Liquidity Bootstrapping Pool technology as an avenue to raise funds openly and transparently.Ongoing supportCopper 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.InnovationThe Balancer Labs and Copper teams are both determined in their shared mission to provide open, fair and transparent access to auctions for projects and auction participants. Where aligned, both teams are committed to collaborating on ideas and new projects that can benefit both ecosystems.Token swapAlchemist and Balancer DAO have considered a token swap to further encourage alignment between the ecosystems. Details are being scoped by each community and a proposal will be submitted for both Balancer DAO and Alchemist governance votes.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 LabsRi — Product Owner of Copper and builder within AlchemistWebsite | Twitter | DiscordIf you are looking to bootstrap your token’s liquidity, consider using Balancer’s Liquidity Bootstrapping Pools (LBP) via Copper. Create them via:Copperlaunch — https://copperlaunch.com/Looking for more resources? Head over to:Balancer docs — https://docs.balancer.fi/Balancer dev docs — https://dev.balancer.fi/Copperlaunch docs — https://docs.alchemist.wtf/copperBalancer Labs and Copper Align To Pave The Way For Future Revenue Generation was originally published in Balancer Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.

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