Introduction
The state of capital formation in crypto is fundamentally broken. Today, crypto-native applications and infrastructure are more performant, secure, and intuitive to use than ever before, with a record number of on-chain participants and no shortage of novel protocols and innovative ideas being bootstrapped on a daily basis.
Despite this, existing solutions for fundraising remain deeply flawed, with opaque and centralized curation processes, fragmentation in an increasingly multi-chain world, and highly extractive fee models. Bazaar is built to replace these incumbent walled gardens and democratize a more transparent and equitable means of fundraising.
Empowering transparent, community-driven launches for all
Bazaar is a decentralized, chain-agnostic launchpad providing crypto-natives with a fair, community-centric approach to fundraising. The protocol will support liquidity bootstrapping pools from day one, with support for additional launch types such as capped and uncapped batch auctions in the future. Pioneered by Balancer, LBPs are a tried and true launch mechanism designed to minimize front-running and price manipulation, while ensuring equitable distribution of tokens for all participants.
Bazaar will offer the most competitive fees for both curated and permissionless launches, while incentivizing meaningful user activity. As it stands, existing solutions rely on external curation while levying exorbitant platform fees, and the implications of this are painstakingly clear. Opaque standards of due diligence, lack of alignment amongst stakeholders, and muted price discovery – when combined together – often leads to adverse price action once fees are lifted and liquidity is added post-sale. This ultimately hurts all involved parties, as degraded trust in the platform discourages high-quality teams
In the near future, curated launches on Bazaar will be fully transparent and dictated by community-led governance, with generated fees being distributed to reward high quality due diligence. The vision for Bazaar is to become a decentralized hub for on-chain capital formation, and aligning the interests of all stakeholders is the first step.
Unifying siloed liquidity with Across
Bazaar is partnering with Across Protocol to enable seamless cross-chain swaps, allowing users to participate in launches from any supported chain of choice. Across is an interoperability protocol powered by intents – the only cross-chain intents protocol in production today, enabling the fastest and lowest-cost interoperability solution without security tradeoffs. Bazaar’s cross-chain routing is powered by Across+, a framework for cross-chain bridge hooks that abstracts away the tedious process of manually bridging for the end user.
The future is undoubtedly multichain, and Bazaar, by integrating Across’ intent-based bridging infrastructure, is unifying liquidity across previously siloed networks. From day one, projects launching on Bazaar can tap into universal liquidity across Ethereum and leading Layer 2 ecosystems; this major unlock in interoperability means projects can directly raise from their native ecosystems without any concerns over liquidity constraints.
Bazaar will launch with support for cross-chain routing on Ethereum, Arbitrum, Optimism, Base, Polygon, and ZkSync Era, with more L2 integrations in the near future. Performant cross-chain UX is the end-game for all crypto-native applications, and Bazaar is bringing this vision to market, starting with the most capital-efficient and secure bridging solution available today.
What’s Next
In the coming days, Bazaar will announce its first major launch partner, which will undoubtedly be one of the highest profile LBP launches of the year. We will also slowly unveil more details regarding roadmap, partners, and gated access to social channels.
We're incredibly excited to be pushing forward our vision for a credibly-neutral, community-driven launchpad to enable positive-sum games. Stay tuned for more!
