What is a Rebase Token?
Rebase Token description.
A Rebase Token is one whose circulating supply expands or contracts due to changes in the token price. This increase or decrease in supply works with a mechanism called rebasing. When a rebase occurs, the supply of the token is increased or decreased algorithmically, based on the current price of each token.
fLibero’s FAP takes advantage of a positive rebase formula which increases the token supply allowing $fLIBERO holders to keep growing their tokens, like in a traditional staking protocol. However our use of a rebasing token eliminates the need to approve and traditionally stake your tokens.
The positive rebase is backed by a fLibero Insurance Treasury which is ensured and supported by the token’s buy and sell fees and Defi 3.0 multichain farming.