ABOUT US
What is Lyrebird?
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
General Development
- - Smart contract audit
- - Address audit feedback
- - Implement arbitrage bot
- - UI/UX updates
Fractional Reserves
- - Implement fractional reserves
- - Smart contract audit
- - Address audit feedback
- - Front-end implementation
Unstaking Improvements
- - Implement unstake cancellation
- - Smart contract audit
- - Address audit feedback
- - Front-end implementation
Launch
- - Open-source arbitrage bot
- - Launch FLM_LRB LP
- - Launch FLM_USDL LP
- - Distribute LRB
Staking Improvements
- - Implement stake compounding
- - Smart contract audit
- - Address audit feedback
- - Front-end implementation
Collateralized Lending
- - Implement Bowerbird
- - Smart contract audit
- - Address audit feedback
- - Front-end implementation
General Development
- - Smart contract audit
- - Address audit feedback
- - Implement arbitrage bot
- - UI/UX updates
Launch
- - Open-source arbitrage bot
- - Launch FLM_LRB LP
- - Launch FLM_USDL LP
- - Distribute LRB
Fractional Reserves
- - Implement fractional reserves
- - Smart contract audit
- - Address audit feedback
- - Front-end implementation
Staking Improvements
- - Implement stake compounding
- - Smart contract audit
- - Address audit feedback
- - Front-end implementation
Unstaking Improvements
- - Implement unstake cancellation
- - Smart contract audit
- - Address audit feedback
- - Front-end implementation
Collateralized Lending
- - Implement Bowerbird
- - Smart contract audit
- - Address audit feedback
- - Front-end implementation