What is a FIT (fLibero Insurance Treasury)?
FIT is the acronym for fLibero Insurance Treasury which is a separate wallet in fLibero's FAP system. The FIT 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 FIT wallet.
In simple terms, the staking rewards (rebase rewards) which are distributed every 10 minutes at a rate of 0.007013% are backed by the FIT parameter, thus ensuring a high and stable interest rate to $fLIBERO holders.
But the funds in this wallet don't just sit there. fLIBERO will use Defi 3.0 Multichain Farming to increase the FIT exponentially to better support price floor.
The funds are bridged to other EVM-compatible blockchains - like Avalanche, Binance, Solana, Metis, Polygon, etc. to farm at the highest APY farms and the profit returned to the FIT fund. So the FIT fund will grow exponentially with 100% additional value a year.
The FIT is dedicated to buy backs and burns of $fLIBERO tokens when the fLIBERO in USDC/fLIBERO liquidity pair supply is equal to or greater than 50% of the total supply.
FIT Wallet address: (to be announced)