Oiler's LBP will last approximately 48 hours.
The pool weights start with a 90:10 pool weight for the OIL/USDC pair and will follow its course to gradually shift to a 30:70 pool weight for the OIL/USDC pair.
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The Oiler Token Liquidity Bootstrapping Event (the “LBP”) is a healthy token price discovery mechanism employed by Oiler. The LBP is not a token sale nor a token offering, and Oiler does not receive any proceeds from the LBP. Assets contributed to the LBP cannot be redeemed or withdrawn by Oiler. Upon completion of the LBP, the assets are technically routed to the Uniswap OIL-USDC pool, and will remain in the Uniswap pool indefinitely.