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Project Rundown Interview with Libra

Published by Aeon Flux on May 24, 2021
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Disclaimer: The Capital has received payment in exchange for writing this articleHey guys! Happy to connect today and learn more about the Libra project! Can you tell us more about the founding of the Libra and what the problem is that you were addressing?We started on the Libra project toward the end of 2021. Both myself and Josh noticed a glaring disconnect between experienced and inexperienced crypto users, specifically in the Defi space. After being in the crypto space for quite some time, and seeing my fair share of rug pulls, and constantly answering questions from friends and family about how to get started in crypto, it made sense to create an ecosystem that could onboard new users without the steep learning curve, and without the threat of losing your investment.Could you please give us a rundown of the most important things about the Libra?Libra Swap is perhaps the most important aspect that exists within our ecosystem. This is because it powers the entire project. In addition to rewarding liquidity providers, the transaction fees that come from our swap also fund our treasury wallet and our charity wallet. Our treasury wallet is what will eventually back our stable coin: USDL. Our charity wallet is allows us to continue to pursue our goal of giving back to the global community at large through ongoing charitable donations.In addition to our swap, our farming protocol will allow users to add liquidity pairs and earn a passive income. Because we have a unique burning mechanism implemented in the contract, we will be able to reward farmers while also preventing the mass inflation that sometimes comes with farming protocols.Another one of our most unique features that will be releasing in Q3 is USDL, which is our stable coin. USDL will only be able to be…

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