LIBRE
Libre
Libre
LIBRE
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About Libre
Libre is a Layer 2 blockchain designed to extend Bitcoin's functionality, providing decentralised loans backed by Bitcoin collateral, instant fee-free transactions, smart contract support, and community-driven governance through a DAO. With a focus on self-custody, decentralisation, and rewards in Bitcoin, Libre serves as a comprehensive platform for DeFi users and Bitcoin enthusiasts.
Libre (LIBRE) is a Layer 2 blockchain developed to enhance Bitcoin's scalability and functionality by combining decentralisation and community-driven governance with operational efficiency. Using a Delegated Proof-of-Stake (DPoS) consensus mechanism, Libre enables fast, fee-free transactions and supports smart contracts. It operates as a "decentralised Bitcoin bank," allowing Bitcoin to be used as collateral for loans without conversion into synthetic tokens and promoting interoperability with assets like USDT.
The Libre blockchain integrates with Bitcoin's Lightning Network to enable instant transfers of pegged Bitcoin (PBTC) and pegged Tether (PUSDT). Launched in 2022, the platform prioritises fairness, transparency, and decentralisation, with no pre-mining or venture capital allocations. Self-custody is central to its design, ensuring user-controlled security over assets.
Libre offers a decentralised solution for loans using Bitcoin as collateral. Users lock their BTC in a dedicated address secured by the network's Crosslink MPC TSS nodes. This system ensures the Bitcoin remains untouched unless the loan defaults, avoiding taxable events or synthetic token conversions. LIBRE also rewards liquidity providers in pools, encouraging decentralised finance (DeFi) participation. LIBRE token holders earn Bitcoin through staking, with a share of system fees programmatically converted to BTC.
- LIBRE token holders participate in the platform's governance by staking tokens, which grants them voting power to elect validators and approve proposals within the DAO. This structure fosters transparency and decentralisation while incentivising active community involvement.
- Libre supports smart contract development in multiple programming languages, including Python, Rust, Go, C++, and Typescript. This flexibility allows developers to build decentralised applications (dApps) and customise integrations for payments and financial transactions.
- Libre simplifies payments with instant, fee-free transactions in Bitcoin and Tether using a single QR code. Users retain full control over their funds, aligning with blockchain's self-custody principles. The platform encourages secure asset storage and movement back to native chains for long-term security.
- Users can provide liquidity to Libre's Automated Market Maker (AMM) and earn LIBRE rewards. This liquidity supports seamless, cost-free swaps between pegged Bitcoin and Tether, enhancing DeFi accessibility.
- Libre’s network is secured by globally distributed validators who validate transactions and produce blocks every 0.5 seconds. Validators are rewarded for their contributions and play a critical role in maintaining the network's reliability and decentralisation.
Libre was developed by a team of Bitcoin enthusiasts committed to creating a decentralised financial solution while adhering to core blockchain principles: transparency, self-custody, and community governance. Officially launched on 4 July 2022, the project followed a fair launch model, with no pre-mined tokens allocated to the team or private investors.
The platform’s maintenance is community-driven, with validators, developers, and LIBRE token holders shaping its future through a DAO. Key decisions require community consensus, ensuring the ecosystem remains decentralised and aligned with user interests.
