Libre AMA Recap

08 Dec 202111:06

AMA

Libre AMA Recap

Myko (CryptoDiffer)

Hello, everyone!😁

We are glad to meet here:

Julian, Co-founder & CEO

Julian Alexander

Hi everyone!

Myko (CryptoDiffer)

Welcome Julian, thank you for taking your time today!

Julian Alexander

Thanks for having me

Myko (CryptoDiffer)

Let's start with some introduction
Q1: Can you introduce yourself to our community?

Julian Alexander

I’m one of the founders of Libre, I’ve been in crypto since around 2015, mostly as an investor/trader. During the first wave of DeFi summer is when myself and my partner Josh decided to start this project. We saw a lot of gaps and areas of improvement for DeFi, and that’s where Libre was born. We’ve been working on this project since late 2020 and just had our launch last week!

Myko (CryptoDiffer)

Great! so let's take a closer look at Libre
Q2: Can you introduce Libre to us?

Julian Alexander

For sure!

Libre is a one stop shop for all things DeFi. Currently we have a working farming and staking product where users can enter farms with on single asset. For example, our BNB/Libre farm, users only have to deposit their desired amount in BNB, and our protocol does the rest for them. Farming can be done in seconds, rather than having to go through all the cumbersome steps that users usually need to go through.

We are also launch our DEX, LibreSwap this week as well. Moving forward, we have a packed roadmap with NFT staking, our very own stablecoin farming (LIBRE holders will be able to stake their LIBRE to earn our stablecoin), Launchpad, Retail Marketplace as well as an open world RPG play to earn game, which is in develipment and will be ready next spring.

As you can see, we have alot in the pipeline, but we wanted to create an ecosystem that utilizes all of the things DeFi has to offer under one roof

Myko (CryptoDiffer)

Superb, i see!
Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?

Julian Alexander

We’ve been really busy for the past few months. We successfully completed a 1.7 million dollar raise with some of the biggest investment funds and advisors in the space. We also completed two IDOs, one with Avaxlauncher and one with Lavax. In addition, we launched cross chain last week on Pancakeswap (BSC), QuickSwap (Polygon) and Trader Joe (Avalanche). our farming and staking platform is available on all three chains and we currently have about 1.5 million in TVL

We also successfully completed a our first Certik audit, and we will be listing on Gate.io tomorrow morning as our first CEX listing!

Myko (CryptoDiffer)

Sounds incredible!
let's dig deeper in in in the community round

Julian Alexander

Great!

Cryptodiffer Community

When is the @LibreDeFi event taking place ? What are the features of the event and How can members participate in the event ?

Would the event be featuring NFTs drop from #LibreDeFi ?

Julian Alexander

We’re hoping to start the first NFT even end of this month or beggining of next.

There will be a variety of NFTs that vary in rarity and benefits they have for their holders.

Users will be able to pick which NFT staking pool they want to stake their LIBRE in, the more rare the NFT, the more LIBRE is required to be staked. at the end of the staking period, we will use Chainlink VRF to randomize the winners of the NFTs

Cryptodiffer Community

IS It true that We Can earn upto 120%APR On our LPs , If yes , Can you tell ME more about this and What methods I had to follow to earn 120% APR ?

Julian Alexander

Currently you can earn even more! Our LIBRE staking app is live at app.libredefi.io

You can earn up to 120% on just staking LIBRE. If you want to enter our farms, the returns are between 600% and 1200% currently

Cryptodiffer Community

✨💫 Hi @libredefijulian
I find it interesting that Libre supports the BSC, Matic and Avalanche chains. So, can you tell us what are the benefits that these 3 chains offer you? Would you consider expanding to Solana, Polkadot or Ethereum?

Julian Alexander

For sure! Solana and FTM are next on the list of chains, ETH will also be in the queue

Cryptodiffer Community

Going to be integrated with Wyre as a fiat to crypto on ramp, what are advantages got by Libre, how these cooperation bring positive impact for future development Libre?

Julian Alexander

Wyre integration will allow users of the Libre daap to purchase crypto directly from their credit card or bank account (some restriction apply based on geographical location). This means you can enter the Libre Daap, purchase BNB for example with your credit card, and begin staking, farming and trading immediatly, there’s no need to have to use 4-5 different platforms

Cryptodiffer Community

Which exchanges will $LIBRE token be listed on? Can I buy early? What are the use cases in the ecosystem? What can I do with the "One Click" feature?

Julian Alexander

We are already listed! Here are our contract addresses below for each chain

https://docs.libredefi.io/faqs

Cryptodiffer Community

How will you ensure that Libre continue to exist and flourish regardless of whether the market is in Bull or Bear market?

Will you continue to develop and release new products so that you don't become obsolete or outdated? And,

Julian Alexander

Our main goal is to always keep building. No matter what the market throws at us we will be ready to adapt to it. That was a big reason behind the development of our P2E game, gaming is a massive industry, and in our opinion, blockchain gaming will thrive regardless of market condiditions

Cryptodiffer Community

Why was there an increase of Staking Reward for $LIBRE Pool to 165% APY? How many Staking Pool and pairs are currently available?

@libredefijulian

Julian Alexander

We shut down one of the Farms that we originally had, so we re weighted the reward percentage, and shifted rewards from that pool to staking

Cryptodiffer Community

I was really looking forward to the Staking Feature #LibreDeFi. Can you give me a link to the Staking

How attractive are the APYs on staking ? Can you provide a list of platforms on which Libre Token is trading ?

Julian Alexander

app.libredefi.io

Trading on pancakeswap, quickswap and trader joe

https://docs.libredefi.io/faqs

Cryptodiffer Community

Can you tell us if the result of your security audit is out already ?

Are you going to be deploying any tool for the 24/7 monitoring of smart contract ?

Julian Alexander

Certik Audit has been successfully completed.

https://www.certik.org/projects/libre-defi

Cryptodiffer Community

I saw Libre have a charity wallet. Are there any criteria for choosing an organization to donate? Or can the community vote for their favorite organization? What is the minimum $ LIBRE token a user must hold to get a chance to vote?

Julian Alexander

Once a month we will present the community with a list of charities. All LIBRE holders will be able to vote on which charity to donate too as part of our governance model

Cryptodiffer Community

📍What advantages are there in the Libre market for USDL holders? Can I buy gift cards? Can we make payments in USDL? Can we get a transaction fee discount with USDL?

📍In Libre, can users earn returns by staking? How do we participate in your stake program? Where do I buy USDL tokens?

Julian Alexander

To earn USDL, users will have to stake their LIBRE tokens in specific valuts. There will be a variety of vaults with different guaranteed APRs and different lock up times. For example. There are vaults that have a lock up period of 14 days with a guarenteed APR of 10%. Users deposit LIBRE (up to a maximum amount) on a FCFS basis. If you get into that vault with for example, 10,000 worth of LIBRE, you will earn $1000 USDL in that 14 day period

Cryptodiffer Community

You've mentioned that $USDL holders can buy real-world goods and various gift cards on the Libre Marketplace. Can you explain more about this? Is it mandatory to hold $USDL to buy items on Libre Marketplace? Don't you have any other payment options?

Julian Alexander

The goal for next year is to open our marketplace. We will be partnering with a variety of retailers that will accept USDL from their customers as payment. Via our marketplace, you will be able to purchase goods from our retial partners using USDL or LIBRE

Cryptodiffer Community

In one of your previous AMAs, I read you mentioning something about working on a Gaming Product projected to have a gameplay similar to game (Dawn Of Man) is this game already available on Libre or available for test? What will be the features of the gaming product?

Julian Alexander

Not available yet, and likely wont be until Spring of next year. But it will incorporate various elements of differeny RPG games. the LIBRE token will be the centre piece of the game in terms of how users can buy and upgrade attributes of their characters

Cryptodiffer Community

1) Since Libre is a governance token, can community vote on blockchains to launch on in the future or what kind of rights does holding the token offer it users?

2) Personally I so much believe in Solano blockchain, will it be possible to submit a proposal for launching on Solana blockchain?

Julian Alexander

Absolutely. Users will be able to vote on various aspects of the platform and its future, including which blockchains we launch on, what farms or syrup pools they woud like to see, emission rates, etc
Okay, I think that’s it for me for questions!
Lot’s of great stuff everyone, thank you for all the interest

Myko (CryptoDiffer)

Thanks a lot for the ama!!

Julian Alexander

Thanks for having me!
Thank you everyone! don’t forget to drop by our telegram, lots of great info in there! t.me/libredefiofficial