Frequently Asked Questions

• Why LBP?
  • Pay in LBP you recognize—no more mental dollar math
  • 1 LBP = 1 USD (USDC or USDT), verifiable on-chain—no hidden risks
  • Instant, near-zero-fee transfers, even if banks are down
• Is LBP a "coin" or a token?
  It's an ERC-20 token on Base (an Ethereum L2), but "stablecoin" is the industry term. It works in any Ethereum-compatible wallet.
• How do I get LBP?
  
  1. Via our widget—connect your wallet (MetaMask, Rabby, etc.), choose USDC or USDT, and click "Buy LBP."
  2. On a DEX—add the LBP/USDC or LBP/USDT pair on Uniswap v3 (fee tier 0.05%, price band 0.999–1.001).
• How much does it cost?
  
  • Mint or redeem LBP → 0% fee.
  • DEX trades pay 0.05% to liquidity providers (you can choose a 0.3% pool for large orders).
  • Gas fees on Base are typically under $0.01 per transaction.
• Where can I spend LBP?
  
  • Online DEXes (Uniswap, SyncSwap).
  • Local merchants with our POS plugin (cafés, groceries).
  • OTC partners on WhatsApp or cash kiosks in Beirut & Tripoli.
• Is my money safe?
  Every LBP is backed by one USDC or USDT in a multi-sig vault.
  • Live PoR feed shows reserves vs. supply 24/7.
  • Admin multisig can pause mint/redemptions only in emergencies (oracle failure, security incident).
• How do I check the reserves myself?
  
  1. Visit our Reserves page for the live PoR widget.
  2. Or go to BaseScan:
     • USDC.balanceOf(treasury) + USDT.balanceOf(treasury)
     • Compare to LBP.totalSupply()
     If backing ever falls short, mint/redemptions are paused until it's fixed.
• What if Base network pauses or is congested?
  
  • Redeeming via CCTP bridge will still work—wait a few minutes for cross-chain finality.
  • Trading on higher-level aggregators (1inch, Paraswap) can route via alternate L2s once we expand.
• Can I lose money if LBP depegs?
  LBP uses a narrow Uniswap v3 price band (±0.1%) to stay at $1. Arbitrage bots keep it tight—if it drifts, they buy or sell to restore the peg, and you can too.
• Do I need KYC to use LBP?
  No KYC on-chain. You only provide KYC if a merchant or OTC partner requests it for their on-ramp.
• How can I cash out my LBP in Lebanon?
  You can easily swap your LBP back into USDT or USDC anytime on decentralized exchanges (DEXs) like Uniswap, then convert to cash through local OTC providers or crypto exchanges in Lebanon and rest of world.
• Do I need special software to use LBP?
  No special software required! You can use any Ethereum-compatible wallet (like MetaMask, Coinbase Wallet, or Trust Wallet) to store, send, or trade LBP tokens.
• What happens if the internet or Base network goes down temporarily?
  LBP tokens remain safe in your wallet. If Base network or internet connectivity is briefly disrupted, your tokens are secure. Once services resume (typically within minutes), all transfers will continue normally.