Libra Bank Terms and Conditions

Libra Bank - High APY, Long-Term Lockup

By participating in Libra Bank, users agree to the following terms and conditions:

  1. APY and Lockup Period: Libra Bank offers users the opportunity to earn high APY (Annual Percentage Yield) on their locked LIBRA tokens. The APY can reach up to 6057%, contingent upon a minimum lock period of 7 days.

  2. Auto-Compounding: LIBRA tokens held in Libra Bank automatically compound, allowing users to maximize their rewards over time. This auto-compounding feature ensures that users can benefit from the full potential of the high APY offered by Libra Bank.

  3. Withdrawal Restrictions: Users are not permitted to withdraw their tokens from Libra Bank before the expiration of the lockup period. Any attempt to withdraw prematurely will result in the forfeiture of rewards, and a penalty of 10% of the locked LIBRA tokens will be imposed.

  4. Withdrawal Fee: A withdrawal fee may be applicable for early withdrawals from Libra Bank. The specific withdrawal fee will be communicated to users at the time of withdrawal and is subject to change based on prevailing market conditions.

  5. Cool Down Period: Libra Bank now implements a cool down period of 7 days. This means that users must lock their tokens for a minimum of 7 days to access the benefits of Libra Bank. The cool down period ensures that users commit to a longer lockup duration, maximizing the rewards they can earn.

  6. Unlocking LIBRA Tokens: While users have the option to unlock their LIBRA tokens before the completion of the lockup period, a penalty of 10% of the locked tokens will be levied. This penalty is designed to discourage premature withdrawals and incentivize users to honor their lockup commitments.

  7. Future Benefits: LIBRA holders participating in Libra Bank may be eligible for additional benefits in the future, including opportunities for multi-chain farming profits. Libra Finance reserves the right to introduce new benefits and features to enhance the Libra Bank experience.

  8. APY Adjustments:

    • Libra Bank reserves the right to adjust the APY based on the team's discretion. Any changes in APY will be announced 24 hours before implementation.

  9. Terms Change Notification:

    • Participants will be informed of any changes to the terms and conditions well in advance. Notifications regarding adjustments, additions, or modifications will be provided promptly.

By utilizing Libra Bank, users acknowledge and accept these terms and conditions. Libra Finance reserves the right to modify or update these terms at any time, with changes communicated to users through appropriate channels.