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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  1. The LIBRE Reward Coin

A reward system for validators and stakers

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 tokens 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.

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Last updated 2 months ago

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