> For the complete documentation index, see [llms.txt](https://docs.borgpad.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.borgpad.com/investors/the-khama-menu/lbp-payoff-analysis.md).
# LBP Payoff Analysis
An LBP (Liquidity Bootstrapping Pool) allows the community to participate in the project’s TGE, contributing to the liquidity needed for the token to be traded on-chain. As a result, the token is also automatically listed on the SwissBorg App.
Since one size does not fit all, each LBP will offer different investment terms. Here is a list of potential terms:
| | Option 1 | Option 2 |
| ------------------------ | ------------------------------------------------------------------------- | ------------------------------------------------ |
| **Investment Currency:** | $BORG | $BORG |
| **Asset Receive:** | $Token | Between 50% to 100% of LP $Token/$BORG |
| **Locking Period:** | Up to 18 months | Up to 18 months |
| **Reward:** | Receive a Share of the LP $Token/$BORG if the $Token failed to match KPIs | APY(%) in $Token distributed over time |
| **LBP $Token/$BORG:** | Up to 50% Burned | Between 0 to 50% return to the project or Burned |
As a reference, you can see the theoretical payoff matrix based on different token incentive rewards for a $1,000 investment in $Token (the token of the project that TGE through the BorgPad LBP).