Energy is an essential part of everything we consume. When energy prices rise, so does our cost of living. If we can save value in an energy-stable asset, we can keep our buying power for the things that we care about.
Our innovation is to bring a fully decentralized, global energy index to the Ethereum ecosystem. We achieve this by leveraging Bitcoin's proof-of-work network to derive a continuous and secure oracle for global energy prices.
Each Liquid Energy Dollar is fully collateralized by Ether in a smart contract. Collateralization ratios are managed automatically to ensure LED retains its peg, even in wildest market conditions.