The Liquidity Bootstrapping Pool (LBP) for Pryzm, a pioneering Layer 1 blockchain focused on yield tokenization, is entering its final 24 hours, with approximately 40 million $PRYZM tokens still available for sale out of an initial 100 million. This unique on-chain experiment, designed for interchain fair launches, has already seen 60 million tokens sold and $400,000 worth of tokens purchased, alongside $380,000 in unexecuted Dollar-Cost Averaging (DCA) orders.
The LBP, which commenced on July 14, 2025, is leveraging Pryzm's proprietary PulseTrade module, allowing participants to automate purchases and set price limits. According to a recent tweet from Mr Refractor of Pryzm, "The Pryzm LBP is a live, on-chain experiment never before attempted at L1 level making it truly unique from anything I've seen before." He added, "We hope this sets a benchmark for Interchain Fair launches."
Volatility is anticipated to increase sharply as the "game of chicken" dynamic nears its conclusion, as stated in the tweet. The auction employs a steep price curve, which has led to tokens potentially being sold "too cheap" due to parameters set in stronger market conditions. This structure is designed to benefit buyers by making tokens more affordable over time, though it reduces the total amount raised.
A key aspect of this launch is its commitment to a community-driven distribution, with "no private investors, no presale, and no whitelists." All 100 million PRYZM tokens, representing 10% of the total supply, are being distributed publicly. Participants can acquire PRYZM tokens using USDC from any major blockchain, highlighting its fully interchain nature.
The LBP features discount vouchers to incentivize participation, offering what the project describes as "free upside" if the token performs well post-launch. Large buyers are reportedly holding USDC off-chain, waiting for opportune moments to execute stealth purchases without signaling their intent, which adds to the uncertainty of the final dynamics. Once the LBP concludes, the project anticipates the cessation of auction-induced downward pressure, leaving only LBP buyers holding liquid tokens.