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LinkBased (LBD) is a synthetic, scarce, and elastic token tethered to the derived value of Chainlink. The concept of LinkBased draws inspiration from innovations in Ampleforth and other already-listed heavy base protocols. LinkBased acts as a pseudo-deflationary token with transferrable game-theoretic properties designed to maximize incentives for liquidity providers. The aim is to establish a decentralized oracle protocol based on Chainlink, creating a secure protocol for network participants. LinkBased (LBD) is a derivative of the Chainlink token, $LINK.
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