Libre simplifies the entry into the DeFi space for both the casual and serious crypto investor, providing a user-based, frictionless on-boarding experience.
Libre’s innovative products will allow new DeFi users to earn passive yield without needing to go through the painstaking process of providing liquidity and everything that comes with it.
LIBRE will launch simultaneously on Binance Smart Chain, Polygon Network and Avalanche with more chains coming in the future.
Users get an opportunity to immediately stake their Libre tokens through the platform as part of the Liquidity Mining incentive. Rewards are to be paid out in Libre. Users are encouraged to stake for a minimum of 30 days. When users withdrawal their stake, they will incur a 5% withdrawal fee.
Libre has created a 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 autocompounded 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).
As an Automated Market Maker (AMM), LibreSwap facilitates peerless token swaps via smart contracts 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.
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. The farming of USDL will begin once a yet-to-be-determined value of assets has accrued in the treasury wallet.
Users will be able to mint LIBRE NFTs, as well as NFTs from various partners in order to earn boosts to their LP pairs.
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.