LRBUSDL

The First Native
Stablecoin on
Neo N3

Lyrebird was the Best DeFi Project
of the Neo Frontier Hackathon.

ABOUT US

What is Lyrebird?

11Lyrebird

1#First

Native stablecoin protocol built on the Neo N3 blockchain

Lyrebird is the first native stablecoin protocol built on the Neo N3 blockchain. Starting with its USD-pegged token USDL, Lyrebird provides a family of fractional-algorithmic stablecoins known as L-assets to serve as the foundational building blocks for Neo's burgeoning DeFi ecosystem.


No.1 - Best DeFi project award

One of the first projects on Neo N3

Incubated by Neo Global Development


As a community-centered project, Lyrebird will distribute 50% of its native token LRB freely without any insider or public sales.


INTRODUCTION

How does Lyrebird work?

Fractional Reserves

Lyrebird uses an innovative fractional reserve model

Lyrebird implements a fractional reserve algorithmic model which allows it to rely on efficient arbitrage activity to maintain currency pegs during expansion and fall back to its fractional reserves during contraction.


Lyrebird takes an innovative approach with its fractional reserves, allowing L-asset holders to redeem their tokens for the reserves when enough of the outstanding supply has been absorbed through the algorithmic mechanism.


Fully audited smart contracts

Transparent algorithmic model

Redeemable fractional reserves

ROADMAP

Development Progress

1

General Development

  • - Smart contract audit
  • - Address audit feedback
  • - Implement arbitrage bot
  • - UI/UX updates
2

Launch

  • - Open-source arbitrage bot
  • - Launch FLM_LRB LP
  • - Launch FLM_USDL LP
  • - Distribute LRB
3

Fractional Reserves

  • - Implement fractional reserves
  • - Smart contract audit
  • - Address audit feedback
  • - Front-end implementation
4

Staking Improvements

  • - Implement stake compounding
  • - Smart contract audit
  • - Address audit feedback
  • - Front-end implementation
5

Unstaking Improvements

  • - Implement unstake cancellation
  • - Smart contract audit
  • - Address audit feedback
  • - Front-end implementation
6

Collateralized Lending

  • - Implement Bowerbird
  • - Smart contract audit
  • - Address audit feedback
  • - Front-end implementation
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