Composable Labs’ Incubated Project, Instrumental Finance, Announces Upcoming LBP

In its continuous bid to further drive innovation in the DeFi ecosystem, Composable is thrilled to announce and support the launch of Instrumental Finance’s Liquidity Bootstrapping Pool (LBP). An LBP is a token distribution method that allows for fair and equal participation opportunities. Instrumental with the support of Composable is launching an LBP on November 29th, 2021 to introduce their native token to the DeFi world. The LBP will take place on Copperlaunch and allows Instrumental to create a meaningful liquidity and distribution launch of their native STRM token in a capital-efficient way. Instrumental Finance is a chain and layer agnostic decentralized finance (DeFi) solution that facilitates digital asset transfers, swaps, and complex liquidity provider (LP) strategies for users to maximize their yield generation without the barriers of the siloed blockchain infrastructure. Instrumental has been incubated by Composable and utilizes several features of their technology stack and software development kit (SDK). As an example, Instrumental leverages Composable’s bridging solution, Mosaic, to facilitate transferring and swapping of LP positions across chains and layers for yield maximization. A key benefit of being built upon the Mosaic infrastructure is the capability to operate seamlessly with the partners and protocols that have already been integrated into the ecosystem, such as Arbitrium, Avalanche C-chain, and Poly...