Libero financial (LIBERO) positions itself as an auto-staking protocol backed by yield farming. Represented by LIBERO, the token self-proclaims to reward holders in a fixed APY or annual percentage yield. The protocol aims to provide financial independence to its LIBERO token holders in a straightforward way possible, without requiring them to do anything other than hold their tokens. Libero Finance’s auto-staking mechanism seeks to revolutionize DeFi by providing a better APY(annual percentage yield), compounding incentives with a simple purchase-hold-earn method.

Generally, staking is a method of receiving incentives for holding specific cryptocurrencies, and it provides better returns (or APY) when investors opt to lock in their assets for extended periods of time. On the other hand, yield farming employs a protocol to earn native platform tokens and does not need investors locking up their funds. According to the Libero platform, token holders in its platform earn passive income in a ‘set-and-forget’ method. The auto-staking function seeks to enable holders to earn rewards without going through multiple stages to compound their returns. Holders using Libero merely acquire the token and retain it, while the incentives are delivered to them on an ongoing basis.

Further, by utilizing yield farming, Libero aims to build a treasury in order to sustain the LIBERO price cap better. This treasury, called the Libero Insurance Treasury (LIT), backs the staking incentives (rebase rewards). The LIT parameter aims to provide LIBERO holders with a consistent price floor. Furthermore, using a token burning program, a portion of the tokens’ circulating supply is sent to a zero address. The burn is used to sustain the project’s supply by removing it from circulation, hence decreasing the number of coins in circulation. This process is used to prime a cryptocurrency or to induce scarcity, which causes the coin’s value to rise. Effectively, this process seeks to deflate LIBERO’s total supply in relation to users’ balance, whereas the balance grows in relation to LIBERO’s total supply.

Thoreum Capital backs the Libero protocol, and the key team members are kept anonymous.

Since LIBERO is an elastic supply token, the token supply is ever increasing. Instead of price volatility, the token supply fluctuates due to processes known as rebasing. When a rebase occurs, the token’s supply raises algorithmically depending on its existing supply.

We update our Libero Financial to USD currency in real-time. Get the live price of Libero Financial on Coinbase.

The current market cap of Libero Financial is $0.00. A high market cap implies that the asset is highly valued by the market.

The all-time high of Libero Financial is $0.00000300. This all-time high is highest price paid for Libero Financial since it was launched.

Over the last 24 hours, the trading volume of Libero Financial is $0.39.

Assets that have a similar market cap to Libero Financial include Receive Access Ecosystem, ASYAGRO, VeraOne, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Libero Financial is 0.