An On-Chain Platform for Bitcoin Lending and DeFi

Libre is a specialized platform for Bitcoin Lending and DeFI that integrates native Bitcoin, wrapped Bitcoin and wrapped Tether in a permission-less, decentralized system.

Built for Lending

Libre was designed to make Bitcoin applications, including specifically lending tether against Bitcoin and trading Bitcoin and Tether both possible and practical. It is originally based on the core Antelope platform, and integrates a threshold signature scheme (TSS) approach to on-chain Bitcoin key storage, allowing for Native Bitcoin to be pegged in and out of the blockchain, and for lending and trading applications to direct these operations.

Built for both Native and Wrapped Bitcoin.

Libre was built by Bitcoiners, for Bitcoiners. As Bitcoiners, we realize that it is critical that all value ultimately be stored on-chain, as actual Bitcoin, with the user controlling these keys. However, for many DeFi applications, including liquidity pools, trading versus Tether, and smart contracts for lending, a parallel wrapped layer is needed. Libre provides that layer, and does it without designated custodians.

Libre is unique in that it features human readable account names such as “alice” that correspond to a BIP 39 seed phrase, and that exact same seed phrase controlling both native and wrapped Bitcoin.

Fully Decentralized

Libre is designed to have no single point of failure. There are multiple wallets, validators, standby validators, APIs, and multi-sig permissions on all important system contracts. Compared to Bitcoin and Ethereum mining pool concentrations, Libre has a more decentralized distribution of block production which can be visualized here on this dashboard.

Fast Consensus

Libre's consensus occurs through an immutable peer-to-peer protocol, called 'trustless' because there is no corruptible intermediary upon whom exchanges must depend. Libre has 21 Validators that use DPOS (Delegated Proof of Stake) consensus mechanism which enables faster confirmations compared to the Bitcoin Network. Transparency is fundamental to consensus. There are simple interfaces and APIs to validate the amount of LIBRE, the amount of BTC backing Bitcoin on Libre etc. Validators are chosen by LIBRE coin holders who stake Libre. The strength of their vote depends on the time remaining in their stake - see “Voting Power” for more details. Libre is run by a DAO (Decentralized Autonomous Organization) using community consensus of coin holders to determine how funds are allocated.

Self Custodial

Libre is built for self-custody of assets. You retain full control of your assets and economic energy following the first principles of Blockchain. LIBRE is universally assessable with the freedom to do more than send and receive, but also allows your assets to work for you. You are in the drivers seat as no permission is needed from a third party intermediary with the use of our bridges, multi-sig (multiple signature) and MPC. We encourage safe storage of all your seed phrases and private keys as a self custodian. We also encourage you to move your assets back to native chains as often as possible - do your trading, transacting on Libre, but take your holdings back to Bitcoin and Ethereum as often as you can.

LIBRE is a coin that rewards Validators and holders with a share of the DeFI earnings, payable in Bitcoin.

In order to incentivize independent validators to run the chain, provide peg-in and peg-out services in a sharded fashion, the LIBRE coin operates as a reward system, accruing value from the DeFI and lending ecosystem. Stakeholders use their coin to vote on validators they trust will keep the system honest. In exchange, when a peg-in or peg-out occurs, or when a loan is paid back or liquidated, the staked LIBRE holders receive wrapped Bitcoin.

Libre is in this way a Bitcoin-based ecosystem that draws Bitcoin from parts of the ecosystem, and re-directs that Bitcoin to other parts of the ecosystem in order to keep it working in a decentralized way.