Recap of AvaXlauncher X Libre DeFi AMA
On Monday, November 8th, we hosted an AMA with Libre DeFi. Here are the winners of the AMA:
Ferry Zoldyck — @reinaldohumphrey86
Natasha Wright — @natashawright
Yui-Chan — @Starrcintron1990
Daniel 77677 — @daniel77677
book boy123 — @bookboy123
In case you missed it, here’s a little recap of the Live AMA with Libre DeFi on November 8th, 2021. The session was hosted by DIABLOV, from AvaXlauncher, with Julian Alexander from Libre DeFi.
Introduction
Q. Hello @libredefijulian and @LibreJosh from Libre Project
Can you tell us a little about yourself, considering the association between you and Libre?
A. Yes! My name is Julian, I am one of the founders and the CEO of Libre. I’ve been in the crypto space since 2015, mostly as an investor and trader. My professional background is in Business Development, I’ve worked for some of the largest payment processing platforms in Canada. Josh and I started Libre at the end of 2022 and have been working on it full time since then
Q. Excellent, thank you. Again, welcome!
We would love to know also about the project. Could you give us a brief introduction about Libre?
A. For sure! Libre is a decentralized AMM and Yield Aggregation protocol, that sources liquidity in a one-stop platform to simplify the cross-chain economy for DeFi users. Libre utilizes its cross-chain liquidity claw to bootstrap farming campaigns with auto compounding by finding the best optimal price and turning it into Liquidity in one click.
Libre’s USDL Stablecoin is asset-backed through fees from the platform. It can only be farmed by LIBRE holders when they stake their LIBRE in our stablecoin vault.
Libre also offers loyalty bonuses for staking by leveraging its robust NFT Ecosystem to engage new generations of younger individuals who are flocking to the industry.
Libre will also offer fiat on-ramps to lower the barrier of entry for DeFi users who wish to fund their accounts directly from their credit card.
The goal of Libre is to simplify the entry into DeFi while providing users with a one stop shop decentralized platform
Q. Very good. It’s definitely inspiring to observe so many wonderful aspects of the project
And, a little more: What is your SWOT analysis (strengths, weaknesses, opportunities and threats) on Libre?
A. Our competitors are probably beefy, autofarm, pontoon etc. The difference is that we’ve streamlined the process a bit more in terms of farming with our one-click liquidity claw. We are also building more utility long-term for our token which you can see in our roadmap. In terms of SWOT, our biggest strength is our focus on user-experience which is still lacking in defi. Obviously the biggest threats in this space is building trust with users, especially retail users, with so many hacks happening in different protocols. We have audits done by certik and nonce, and we are trying to build that trust with our community in a transparent way.
Q. Excellent. This long-term view, in addition to the guidelines presented, shows us how important the Libre project is. Thanks for the placements
Could you tell us a little about your team and its experience?
A. @LibreJosh and I have been in crypto for over 5+ years. We really started getting more involved in the development process during Defi Summer in 2020. We saw a really strong need for a platform that onboard users in an easier manner, and provided them with all the tools they need to benefit from what defi has to offer. Prior to starting Libre, I worked in Biz development, and Josh worked in marketing and web development. Our core Devs, Ray and Danny both have 5+ years in blockchain development and have worked on successful projects such as Cryptomibs and Crypto Bank
Q. Very good.
Considering the importance of backers to the project, could you tell us about them? What are the project’s backers?
A. We are incubated by Marshland Capital and Magnus Digital Assets. They have played an extremely important role in helping us see the full vision of Libre, and they’ve been involved every step of the way.
We are backed by Moonrock, Ghaf Capital, Raptor Capital, 18venture, Modefi, Vendetta Capital, Basics Capital, CyberFi, Cinchblock, AU21 and X21
Q. Impressive. Big names associated with this fabulous project!
Talking a little on the tokens side… Can you give us more details about tokenmetrics and IDO details?
A. Here is a really thorough rundown of our complete tokenomics (scroll to the right on the chart, it has all of the information about vesting, etc.)
https://www.docs.libredefi.io/tokenomics
The Basics:
100,000,000 Total supply
6,600,000 circulating at TGE
IDO price is 0.13- vesting terms for the IDO are 30% at launch, then 35% quarterly for 6 months (Feb 10th and May 10th)
Q. Great. Thank you very much for the enlightening answers.
Before we go to community questions, would you like to add something else? Any additional information, feel free :)
A. Just wanted to say thanks a lot to everyone, who’s shown so much interest in our project and our IDO with you guys. We have a very long term vision for this project. We plan to be here during the bullrun, the next bear market and whatever comes after that!
AMA Round
Q. So many projects just like to speak about the “long term vision and mission” but what are your short term objectives? What are you focusing on right now?
A. Right now we are focused on a successful launch! We’ve been working really hard to develop and build the platform so that it is ready on day one. Our farming and staking features will be available for everyone to use when we launch. So short term we are focused on making sure everything goes smoothly with launch and the farming protocol. We are also currently beta testing our Stablecoin farming protocol, which will be ready to be launched by the end of the year
Q. Is your platform suitable for Crypto beginners? Or does it only appeal to professional users?
A. Our goal is to make it friendly and easy to use for beginners. That has been the goal since day one. That is why we are also developing tons of educational material and content for new users who come to our platform, so they can learn about crypto and Defi specifically.
Q. Since NFT is popular nowadays, is there a plan for NFT integration?
A. Yes! We will be launching a lot of really cool NFT boost features. We are in talks with various projects to partner with them where users can mint NFTs from another platform, and bring those NFTs back to the Libre platform for different benefits. For example, some NFTs you will be able to pair with your LPs to earn boosts on your rewards. Others you will be able to use to get whitelisted to exclusive farms and syrup pools
Q. Do you guys feel satisfied by seeing your progress and achievements till now, when you look back to the day when you started this project?
A. That’s a great question. We have come a really long way since we started this project. We actually ran a presale back in March, and were unable to fill the presale, so we refunded everyone that was involved and started thinking of different ways to proceed. That’s when we really really started focusing on development and marketing. From there we were able to complete a 1.7 million dollar raise and develop a great platform that we are really confident in
Q. What is the most ambitious goal of your project? Could share with us any Upcoming Updates?
A. This is some free alpha for everyone. We are currently working on a blockchain game that we are hoping to release next spring. It’s going to be a completely open world, cross chain play to earn game, that will utilize LIBRE tokens in a ton of different ways. We’re working with one of the top game development companies in the industry right now to realize this vision. That’s all i can say for now 😉
