Libero Financial — Three week update on my favorite passive income DeFi project including Smart Bond and wLibero update!
Three weeks ago I wrote about Libero Financial suggesting how it was a “hidden DeFi gem” that no one was talking about to see it’s market cap explode 4x over the next two weeks. Was it Libero bank hype? Times Square marketing? BTC jump causing a surge in altcoins? Community hype around reflection tokens? Community trust being Certik audited?
Call it what you want —reflection token protocols have gained popularity over the last month. Libero is leading the pack when it comes to new use cases for their protocol and being transparent/communicating with their community — transparency and communication being huge factors on if investors will take you seriously.
Lets take a look at my progress made so far.
In my 3/4/22 article, I posted this screenshot of my initial investment into Libero bank:
As of today, 3/27/22, here’s an updated look:
Didn’t include my main account balance on 3/4/22 but as of today, it’s 133,000 libero. As you can see — I’m no whale nor pretend to be. I’m an everyday investor just like you trying to find ways to grow wealth. That’s exactly what I’ve done here in such a short timeframe letting my Libero reflection rewards build up in my main account and convert a portion once per week into Libero bank.
24,000 libero →63,000 libero
$7 $BUSD rewards → $36 $BUSD rewards
Not whale gains. Not life changing income. Small gains that I will leverage throughout the year to increase my position into Libero, and the Libero bank. With that 133,000 libero balance plus Libero rewards from the bank, I’m generating just over 3,000 libero per day or 21,000 per week. I plan on doing a 60/40 split with those rewards to aggressively grow my position in the bank → 60% to the Bank, 40% earning reflection tokens. Taking the majority of my rewards in a stable coin guarantees I take risk out of the equation if dealing with token price fluctuation.
If the price of Libero continues to grow — great! Convert some every month into monthly income. Price continues to stay the same (or fall) but trading volume continues? — great! Collect $BUSD rewards from the Libero bank based on daily transaction volume.
I’m continually looking for quality DeFi projects to create long-term sustainable passive income. What I want to see from Libero is short-term success with a roadmap and team continually focused on the future to make sure the protocol remains sustainable as long as possible.
Lets take a look at the recent Libero Smart Bond and upcoming wLibero.
Libero Smart Bond
Excerpt pulled from the whitepaper:
Users come to Libero Smart Bond section on the website and check if there is a discounted bond.
Not that every time there is a discounted bond available, if someone already bought all the discounted bond, there will be no discounted bond left. Or when the project decide that not to sell bond, there’ll be no discounted bond available.
If there is bond available, usually with a discount, users can buy Libero with a discounted price, for example 10%. So they pay 10% less WBNB ( or BUSD, or LIBERO-BNB LP or whatever the protocol choose) compare to what they have to pay on normal exchanges.
Users can claim their Libero right after purchase or a few days later (usually 5 days) depend on the setting of the protocol.
80% of the purchased money will go to normal exchange to market buy, help increase the price and market cap.
20% of the purchased money will go to the treasury of the protocol, make the protocol more sustainable.
The 80/20 ratio can be configured by the protocols at any time depends on market situation.
Why is this important? Here’s another excerpt from the whitepaper:
“For long-term sustainability, we can now offer an innovative and easy-to-implement bonding mechanism which enables protocols to own their own liquidity, forever.”
“Owning their own liquidity, protocols earn on transaction fees on the LP token they purchase. By not having to pay farmers to provide liquidity, they also save incentives which could be used for other things.”
I was able to test the Smart Bond protocol shortly after launch and saw an immediate benefit — 20,000 libero buy at an 8% discount! Looking to buy a large chunk of libero? Check out if there’s available Libero on discount here and make sure to use my referral link when depositing your first bag of Libero — 1,000 libero kickback to you for FREE as a thank you.
wLibero — Coming Soon!
Excerpt pulled from whitepaper:
Libero will pioneer fixed APY tokens with a wrapped yield bearing version of its native token that is friendly with Centralized Exchanges.
Why do we need wLIBERO?
For getting listed on CEX (centralized exchange) and joining yield farming protocols . Once you have LIBERO in your wallet, rebases happen every 30 minutes, and your LIBERO amount will increase a 2.04% a day. You can’t bring it on a Centralized Exchange like Binance because once you deposit on CEX, the amount of your token stops increasing. And the CEX cannot handle the rebase every 30 minutes for you.
You also can’t stake it in yield farming protocols because of the automated rebases. The amount of tokens when you withdraw is larger than the amount you staked because of rebases, and that’s something that no farm currently supports. That led to most farming protocols not providing pools for rebase tokens.
How wLIBERO can be listed on CEX and participate in yield farming protocols?
We will solve this problem by wrapping LIBERO in a new token called wLIBERO. With our breakthrough technology, your Libero can still grow 2.04% a day or 158,900.00% a year inside wLIBERO. You can wrap LIBERO into wLIBERO and bring wLIBERO on any farms or transfer to any Centralized exchange. While the amount of wLIBERO stays the same, the number of LIBERO inside it continues to grow. And at any time you can get all the original LIBERO plus the rewarded LIBERO from rebases by unwrapping wLIBERO.
With wLIBERO we can bring LIBERO on any CEX like Gate.io, Binance, etc. where millions of new holders can get their hands on our tokens. We will form partnerships with a number of big CEXs and we will see LIBERO grow exponentially in terms of brand and holders.
This will be the next leap forward of Libero and we will see it in action in April.
As you can see — exciting things in the pipeline for Libero and continued growth of the protocol. This DeFi project checks important boxes for me to continually invest — transparency, communication, and evolving to keep up with an extremely fast & results oriented industry.
Libero Bank referral!
Thank you for taking the time to read my thoughts on Libero — use my referral link and start earning today!
https://libero.financial/ref=0x6e3F93fE43C88AF7a21167Bd02b95A42c1BF33E5
If you sign up using my referral code I will send you 1000 libero as a thank you! Message me on here or Discord to confirm your referral.
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