Libre Chain Docs
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  • The Libre Platform
    • Libre is a Bitcoin-native, decentralized lending marketplace
    • Borrow
    • Lend
    • Run A Libre Node
    • Validators
    • The Smart Contract Platform
      • Building Smart Contracts on Libre
      • Libre Developer Tools
      • Libre Testnet
      • API Docs
  • DeFi on Libre DEX
    • DeFi
    • libreDEX
    • Ordinals
    • Building on Libre
      • How to add a trading pair
  • BitcoinFi on Libre
    • Glossary
  • The LIBRE Reward Coin
    • A reward system for validators and stakers
    • Supply
    • Mint Rush
    • Spindrop
      • How to Claim the LIBRE Spindrop
      • Eligibility Requirements for the LIBRE Spindrop
  • ACCOUNTS AND WALLETS
    • LIBRE Account Names
      • Cryptographic Keys
    • Creating Multiple Accounts
    • Bitcoin Libre Wallet
    • Anchor Wallet
      • Creating a Libre MainNet Account in Anchor
      • Creating a Libre Testnet Account in Anchor
      • Getting Testnet LIBRE Coins
    • Ledger Hardware Wallet
  • EARN
    • Staking
    • Mining
    • Referrals
    • Become a Validator
    • DAO Tax
    • Libre Lightning Provider
  • Governance
    • Voting Power
    • Validator Election
    • Libre DAO
    • Libre Governance Docs
      • Libre Blockchain Operating Agreement (LBOA)
      • Block Producer Agreement
      • Block Producer Minimum Requirements
    • Libre Mainnet Multisig Gov
      • Oct 2024
      • July 2023
      • June 2023
      • April 2023
      • March 2023
      • February 2023
      • December 2022
  • Technical Details
    • Libre Core Constants
    • Mint Rush Details
    • Staking Details
    • Verifying Code Updates
      • Deployed Smart Contract Versions
  • Cross-Chain Interoperability
    • Cross-Chain Overview
    • Bridge Comparison
    • Libre CrossLink Bridge
      • Technical Whitepaper
      • Bitcoin to Libre (Peg-In Process)
      • Libre to Bitcoin (Peg Out)
    • Bitcoin Lightning Network
    • USDT / Ethereum
    • Legacy pNetwork
    • Bitcoin Audit
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On this page
  • 🔄 What is Libre?
  • 🔓 Your Bitcoin Stays Your Bitcoin
  • 🧠 How It Works
  • 🚨 Loan Safety & Liquidation Rules
  • 💸 Transparent Yields for USDT Lenders
  • 🔗 Libre Technology Stack
  • 💰 LIBRE Token Utility
  • ⚖️ How Libre Differs From Celsius & Others
  • ✅ Summary

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  1. The Libre Platform

Libre is a Bitcoin-native, decentralized lending marketplace

Anyone can borrow stablecoins against Bitcoin or lend USDT to earn predictable, fixed yield — all without wrapping, rehypothecation, or centralized risk.

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Last updated 1 day ago

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🔄 What is Libre?

Libre is a fully-decentralized, smart contract-powered lending protocol.

  • Borrowers post real BTC as collateral into a dedicated vault address (not pooled)

  • Lenders fund capital pools and earn fixed returns in USDT

  • The entire system is transparent, auditable, and works on mobile from end to end


🔓 Your Bitcoin Stays Your Bitcoin

Libre is built from first principles:

  • No custodians, no rehypothecation

  • Each borrower’s Bitcoin is held in its own vault address, visible on-chain

  • You always get back your exact BTC — not someone else’s


🧠 How It Works

Borrowing:

  • Deposit BTC into a unique vault address

  • Choose loan terms from available pools (e.g. 30, 90, 365 days)

  • Receive USDT

  • Repay loan + interest to unlock your Bitcoin

Lending:

  • Deposit USDT into a pool at the rate/term of your choice

  • Earn fixed interest + token rewards

  • Redeem pool tokens for your original USDT + earnings


🚨 Loan Safety & Liquidation Rules

Libre loans have a transparent liquidation buffer:

Loan-to-Value (LTV)
State
Action Window

70%

Pre-Warning

Monitor

80%

Warning

72 hours to act

>80% (after 72h)

Liquidation

Executed by smart contract

No middle-of-the-night liquidations.

Borrowers have time to add collateral or repay.


💸 Transparent Yields for USDT Lenders

  • Lenders choose from public liquidity pools (30d, 90d, 365d, etc.)

  • Fixed rates (e.g. 9%, 11%, 13%)

  • All loans are 100% BTC-backed


🔗 Libre Technology Stack

  • Mobile wallet and lending interface

  • Smart contracts for loans, governance, and DEX

  • MPC + TSS bridge with Bitcoin as source of truth

  • Delegated Proof of Stake (DPoS) consensus with 21 validators

  • DAO governance + staking


💰 LIBRE Token Utility

  • Not required to use the protocol

  • Used to secure the network and reward participants

  • Stakers earn BTC from loan activity and validator fees

  • Miners earn LIBRE for contributing BTC to bootstrap the system


⚖️ How Libre Differs From Celsius & Others

Centralized lenders operate like Celsius — you don’t know where your Bitcoin goes. If their rates are unusually low, it means your BTC is likely being deployed in trading, rehypothecation, or other yield strategies behind the scenes. That introduces hidden risk — and maximizes their profits, not yours.

Libre can’t do that. Your Bitcoin stays in a dedicated vault address, untouched and visible on-chain. It’s never pooled, never loaned out, and never put at risk.

Feature
Libre
Others

Custody

Self

Centralized

Bitcoin Exposure

Native

Wrapped or pooled

Yield Source

Transparent

Often opaque / risky

Liquidation Process

Predictable

Sudden

Mobile Access

Fully live

Variable


✅ Summary

Libre is the only Bitcoin-native lending platform where:

  • BTC stays in your own vault address

  • You borrow real USDT without wrapping

  • Lenders earn predictable, fixed yield

  • Everything works from your phone

  • Built by Bitcoiners, for Bitcoiners

Libre lenders flow