Role Overview

Introduction

In the ecosystem of Liquidity Bootstrapping Pools (LBPs), Arbiters play a pivotal role. They act as guardians of integrity and trustworthiness, ensuring that LBPs are executed fairly and in accordance with pre-established guidelines.

Duties of an Arbiter

• Vetting Projects: Arbiters are responsible for examining and approving projects before they can launch an LBP. This involves a rigorous review of project fundamentals, such as the team, technology, and business model.

• Ensuring Compliance: They must ensure that LBP projects comply with the platform's rules and any relevant regulatory standards, thereby upholding legal and ethical practices.

• Monitoring Performance: Throughout the LBP event, Arbiters monitor performance and transactions to identify any unusual activity that could indicate manipulation or fraud.

• Conflict Resolution: Arbiters may be called upon to resolve disputes or issues that arise between LBP creators and participants.

Significance of Arbiters

• Trust Builder: By providing oversight, Arbiters help to build and maintain trust within the Nexus platform community.

• Market Confidence: Their presence can instill greater confidence among participants, encouraging broader and more active engagement in LBPs.

• Quality Assurance: Arbiters help maintain the quality of projects on the platform, ensuring that only credible and well-structured LBPs are presented to investors.