Libre DeFi
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Ecosystem and Features
The ethos of the LIBRE project is to create a "one stop shop" for all things DeFi. We believe that DeFi is still a very untapped market with room to grow. The problems that the industry face is that the barrier of entry for new users can often be overwhelming and cumbersome. Our goal is to create an environment where Crypto savvy veterans and new users can utilize all of the benefits that DeFi has to offer.
As the network grows, we will continue to add capabilities to LIBRE until we reach the full range of features of decentralized financial services while being fully compliant, safe and easy to use.
LIBRE will launch simultaneously on Binance Smart Chain, Polygon Network and Avalanche with more chains coming in the future.
Step 1: Staking
Upon launch, users will be able to immediately stake their Libre tokens through our platform as part of our Liquidity Mining incentive. Rewards will be paid out in Libre. Users are encouraged to stake for a minimum of 30 days. When a user withdrawals their stake, they will incur a 5% withdrawal fee.
Step 2: LibreFarm
In keeping with our message and goal of simplifying the entry into DeFi, we have created a totally novel Single Asset, One Click Yield Farming protocol. Users are able to deposit one asset into their desired farm, and the LIBRE protocol will do the rest (please view the Liquidity Claw tab to see how this works). LPs are auto compounded daily.
All farms have a Performance fee of 2% of the total deposit amount. There is also a 2% withdrawal fee (this fee is only subtracted from rewards, not total deposit).
Step 3: LibreSwap
As an Automated Market Maker (AMM), LibreSwap facilitates peerless token swaps via smart con- tracts rather than order books. This allows users to easily swap tokens without a buyer or seller on the other side of the transaction. Users can connect their wallet and trade LIBRE and other crypto as- sets directly from LibreSwap, providing liquidity and receiving a portion of transaction fees in return.
LibreSwap implements a similar transaction fee model to Uniswap and PancakeSwap. There is a 0.25% fee on all transactions, 0.2% of the fee is distributed to liquidity providers, 0.05% is distributed to the Libre Treasury wallet.
Step 4: USDL- Libre Stablecoin
USDL, the Libre Stablecoin, is perhaps the most community-centric feature of the entire protocol, and directly benefits all LIBRE holders. USDL is farmed by staking LIBRE tokens. The amount of USDL that you accrue is based on the amount you stake.
USDL is and will always be backed by the value of the assets in the Libre treasury wallet (all assets in the wallet are converted to USDC/DAI to prevent volatility). The amount of USDL that is minted will always be 1:1 value of the treasury wallet. The treasury is continuously supplied by the trading fees on LibreSwap and the fees generated from our farming protocol. If there is $2,000,000 worth of assets in the treasury wallet, there can only be 2,000,000 USDL available.
The farming of USDL will begin once a yet-to-be-determined value of assets has accrued in the treasury wallet. For example, if the determined value was $2,000,000 then the equal value of USDL will be minted when that price is reached, and farming will begin. The reason for this is to ensure that a suitable amount of collateral is available to back the USDL that will be initially minted, and that the amount minted provides a suitable return for LIBRE stakers.
In addition, USDL can be used to purchase real world goods from a number of our retail partners (partnerships will be announced at a later date). Those who hold USDL will be able to spend it with a variety of different merchants.
Step 5: NFT Boosts
Users will be able to mint LIBRE NFTs, as well as NFTs from various partners in order to earn boosts to their LP pairs. In addition, we will be partnering with various metaverse projects so our users can participate in NFT easter egg hunts which will Whitelist them to exclusive farms and staking pools.
Step 6: Launchpad
Through a secure yet simple to use hosted service, LIBRE allows individuals and companies to issue their own “compliant” tokens and develop and deploy smart contracts. LIBRE will handle marketing and PR as well as exchange listings. Our Launchpad toolkit will provide projects with a full suite of benefits when launching their project.
Additional Features
Education
One of the main focuses of LIBRE is to provide a safe and easily accessible platform for new investors. One where they can learn about DeFi in a digestible manner. That’s why we are putting an enormous amount of resources towards educational based content creation in the form of videos, step by step guides, as well as live streams and live support directly from our website. The goal is to give new users the tools they need to begin their journey into the DeFi space, and to be there with them every step of the way.
Libre Charity Foundation
There will be a number of charities that the Libre team puts forth to the community, and the community can vote on which one they would like to send the team to donate to. This vote will be only open to Libre holders. The Libre team truly believe that through Crypto and more specifically DeFi, we can make the world a better place and give back not only to our community, but the global community at large.
Fiat to Crypto On Ramp
Users will be able to buy BNB directly from the LIBRE dapp by using their Credit Card (and bank account in some countries) and send it to their Metamask wallet. From here, users can trade in an instant on LibreSwap.
The goal is to create a seamless experience for our users. Purchasing cryptocurrencies can be cumbersome, by introducing an onramp, users will be able to complete their “fiat-bnb-libra” purchases seamlessly.
Governance
The LIBRE token is a governance token. This will allow users to vote on various proposals having to do with the ecosystem.
Last modified 1mo ago
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