Australia, Australia, 23rd November, 2021,
The Metaverse — Spool, a new DeFi protocol that solves the long-standing issue of DeFi generalized automation, has announced the date of its fair launch Balancer LBP via Copper, set for December 13 at 17:00 UTC. 
The fair launch will finish after three days, on December 16 at 17:00 UTC.
This marks the first public sale of SPOOL tokens, the governance tokens of the Spool Platform, which will occur through the Balancer Liquidity Bootstrapping Pool (LBP). In a nutshell, an LBP acts similar to a Reverse IDO where tokens are gradually sold while more base tokens get added to the pool along a curve. A total of 5% of the supply will be available for the LBP, starting at a weight of 96:4 and an initial price of 2.44 DAI. By the end of the event, the pool will be balanced to a standard 50:50 composition.
Spool is a permissionless DeFi middleware ‘toolkit’ that allows users to create fully customized, automated, and diversified yield farming por

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