- The Libero Financial DeFi project claims fixed annual percentage yield (APY) through auto-staking of holding
- The LIBERO token does not have a high market cap, but the run so far has not been bad
- A fixed APY seems a far-fetched dream in the hyper-volatile world of cryptocurrencies
New projects in the cryptocurrency universe are seemingly taking the sector on a different trajectory. What started with crypto exchanges allowing people to trade in a variety of assets like BTC and ETH seems to have entered a zone where automated transactions and “fixed returns” are being promised.
We know that purchasing and selling a crypto is not the only way to deal in these assets. Decentralized finance (DeFi) players are claiming that cryptos can be staked, instead of sold, to earn rewards. Here, a holder lends coins, the borrower uses them, which brings interest income to the so-called lender.
But can cryptocurrencies produce fixed income? At least one platform seems to be claiming so.
Does Libero Financial produce fixed income?
The project’s website talks about “auto-staking”. Libero claims this feature can help crypto holders earn “fixed” annual percentage yield (APY). The DeFi protocol has indicated a timeline of events, which includes holding the project’s native token in the account for the first 14 days and withdrawal of a fixed portion from the fifteenth day.
The project is also counting on the “compounding” of interest, which it says can produce a fixed income of 2.04 per cent every day and eventually over 158,000 per cent income over a year. In the real world, this seems improbable, but the project is claiming that its “algorithm”, which can trigger automatic buyback and burning of tokens, can make this happen.
Libero Financial crypto
The project uses the LIBERO token to achieve the stated results with the help of “multichain farming”. This native token is at the heart of the entire ecosystem, as it must be bought by Libero Financial users in order to allow automatic staking.
What is Libero Financial crypto that promises fixed APY?
LIBERO token price
Though the project claims to be the first auto-staking protocol in cryptos with fixed APY, its LIBERO token has yet to become a formidable player. With a market cap of nearly US$80 million as of writing, the LIBERO crypto could not make the cut to the top 3,000 cryptos on the CoinMarketCap list.
But so far, in its limited run, the LIBERO token seems to have performed relatively better than most. On February 1, when CoinMarketCap listed it to track the price, LIBERO was nearly US$0.002 per token. The price jumped to nearly US$0.015 by mid-Feb, but by early March, it was nearly US$0.003.
As of writing, the LIBERO token was trading at approximately US$0.008.
Data provided by CoinMarketCap.com
Libero Financial is a new project, and it has yet to establish its long-term sustainability. Crypto assets, be it Bitcoin or Shiba Inu, are notorious for wild price swings.
How the LIBERO token enables a fixed return for its backers is a wait-and-watch scene right now. LIBERO’s price prediction seems improbable and being cautious is recommended.
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