Wrapped LIBERTAS OMNIBUSPrice

(LIBERTAS)

Wrapped LIBERTAS OMNIBUS (LIBERTAS) is an experimental project on the zkSync Era network designed to bridge the gap between non-fungible tokens (NFTs) and fungible tokens. Utilizing a specialized wrapper technology inspired by the ERC-404 standard, it allows holders to convert their original Libertas Omnibus NFTs into fungible LIBERTAS tokens at a 1:1 ratio. This allows users to trade the asset like a standard cryptocurrency on exchanges such as LBank, providing instant liquidity to an otherwise illiquid NFT asset.

To wrap your asset, you connect your wallet to a compatible wrapper protocol and deposit your Libertas Omnibus NFT to receive exactly one fungible LIBERTAS token. To unwrap, you return one full LIBERTAS token to the wrapper, which then releases an NFT back to your wallet. While there are typically zero platform fees for wrapping or unwrapping, users are responsible for the standard zkSync network gas fees required to process the transaction.

Usually, no. When you unwrap one LIBERTAS token, the smart contract sends you an NFT from the available pool. Unless you are the only person who has wrapped an asset, you will likely receive a different token ID than the one you originally deposited. However, because Libertas Omnibus NFTs are mostly identical in appearance and characteristics, this is generally not a concern for most participants in the ecosystem.

LIBERTAS offers several experimental utilities, primarily focused on liquidity and DeFi integration. It allows users to trade fractions of an NFT or sell their holdings instantly on exchanges like LBank without waiting for a specific buyer on a secondary marketplace. Additionally, as a fungible token, it can be used in liquidity pools to earn trading fees. Many community members also hold the token in anticipation of potential future network rewards or experimental features within the zkSync ecosystem.

LIBERTAS is primarily traded on decentralized exchanges (DEXs) within the zkSync Era network. For a more streamlined and secure trading experience, the token is also available on major platforms like LBank. While the project is rooted on-chain, its availability on centralized exchanges provides greater accessibility for users to trade the token against common pairs like WETH or USDT.

Holding a fraction, such as 0.5 LIBERTAS, means you own a partial share of an NFT. You can trade or hold these fractions on exchanges like LBank, but you cannot "unwrap" the asset into a physical NFT until you possess a full 1.0 LIBERTAS token. Once you hold a full token, you can use a compatible wrapper interface to claim an NFT. Depending on the specific implementation, some systems may require a manual claim while others handle it automatically.