# Liber Coin Overview

**Liber Coin provides a decentralized financial asset which rewards users with a sustainable fixed compound interest model through use of it's unique LAP protocol.**

**The Liber Auto-Staking Protocol (LAP for short) is a new financial protocol that makes staking easier, more efficient and awards $LIBER coin holders the highest stable returns in crypto.**

**LAP gives the Liber Coin automatic staking and compounding features, and the highest Fixed APY in the market at&#x20;**<mark style="color:yellow;">**493,056.52%**</mark>**&#x20;for the first 12 months.**

Liber Coin is a company focused on De-Fi innovation that creates benefits and value for Liber Coin holders. Our LAP protocol that is used within the Liber Coin grants exceptional benefits for holders of $LIBER:

* <mark style="color:yellow;">**Low Risk with the Liber Insurance Fund (LIF)**</mark> - 3% of all trading fees are stored in the Liber Insurance Fund which helps sustain and back the staking rewards by maintaining price stability and greatly reducing downside risk.
* <mark style="color:yellow;">**Easy and Safe Staking**</mark> - The Liber Coin always stays in your wallet so it doesn’t need to be put into the hands of a 3rd party or centralized authority. All you need to do is buy & hold as you automatically receive rewards in your own wallet so there’s no more complicated staking processes at all.
* <mark style="color:yellow;">**Interest Yield with Automatic Payments**</mark> - You need not be worry about having to re-stake your tokens. Interest yield is paid automatically and compounded in your own wallet, guaranteeing you will never miss a payment.
* <mark style="color:yellow;">**Highest Fixed APY**</mark> - Liber pays out at 493,056.52% in the first 12 months which rivals anything in the DeFi arena to date. After the first 12 months the interest rate drops over a predefined Longterm Interest Cycle period.
* <mark style="color:yellow;">**Rapid Interest Payments**</mark> - The Liber Protocol pays every Liber Coin holder each and every 15 minutes or 96 times each day, making it the fastest auto-compounding protocol in crypto.
* <mark style="color:yellow;">**Auto Deflationary Burns**</mark> - One of the exciting features of the Liber Protocol is an automatic token burn system named “The Bon-Fire” which prevents circulating supply getting out of hand and becoming unmanageable. The Bon-Fire burns 2.5% out of all Liber Coin market sales and is burned in the same individual transaction

The LAP uses a complex set of factors to support its price and the rebase rewards. It includes the <mark style="color:yellow;">**Liber Insurance Fund (LIF)**</mark> which serves as an insurance fund to achieve price stability and longterm sustainability of the Liber Protocol by maintaining a consistent <mark style="color:yellow;">**0.03466%**</mark> rebase rate paid to all $LIBER coin holders every 15 minutes.

The Liber development team has coordinated all of these elements together so they work seamlessly behind the scenes. The result is a simple and elegant staking and rewards system for $LIBER holders.