💸Liber Insurance Fund (LIF)

Liber Insurance Fund

LIF is the acronym for the Liber Insurance Fund which is a separate wallet in Liber's LAP system. The LIF uses an algorithm that backs the Rebase Rewards and is supported by a portion of the buy and sell trading fees that accrue in the LIF wallet.

In simple terms, the staking rewards (rebase rewards) which are distributed every 15 minutes at a rate of 0.03466% are backed by the LIF parameter, thus ensuring a high and stable interest rate to $LIBER token holders.

3% of all trading fees are stored in the Liber Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.

LIF Keeps holders safe by:

• Avoiding flash crash through price stability

• Achieving long-term sustainability and future growth of the Liber Coin Protocol

• Greatly reducing downside risk

LIF Address: 0x281F6F6fA92791e89D8d13296f5CFD76E99f388a