LSIT — LOVE Sovereign Index Token
An audited dashboard number you can hold — not a coin, not a security, not on any public chain.
What LSIT is
LSIT is an internal index unit that represents a weighted basket of LOVE ecosystem reserves. It lives only inside lovecoin.life — the same rulebook and freeze/appeal path as USDL.
| Component | Weight | Source |
|---|---|---|
| LOVE (Stellar) | 40% | Stellar DEX × treasury balance |
| USDL | 25% | 1 USDL = 1 USD (closed-loop peg) |
| XLM | 15% | Stellar DEX |
| USDC (bridge reserve) | 10% | 1:1 |
| BTC/ETH (sovereign reserve) | 10% | Kraken index |
Why closed-loop
An index token on a public chain that references off-chain reserves falls under MiCA Title III (Asset-Referenced Tokens) — ECB/EBA authorisation, capital requirements, custody segregation. By keeping LSIT internal, we stay outside that scope and preserve the same public rulebook (Tauranis + Sofija, two-of-three quorum, 24h auto-review, monthly transparency).
What LSIT is NOT
- ✕Not a stablecoin.
- ✕Not a security or investment product.
- ✕Not on Stellar, Base, Solana or any public chain.
- ✕Not redeemable for USD, EUR, BTC or any external asset.
- ✕Not marketed as yield-bearing or guaranteed return.
How you use LSIT
- Hold — a passive dashboard number reflecting basket value.
- Convert — 1-click internal swap between LSIT ↔ USDL / EURL / LOVE Power (0.30% fee → treasury).
- Use — unit of account for large in-app baskets (Academy PRO bundles, commodities positions, LOVE Order carts).
Roadmap
- v1 (2026-Q3): Read-only dashboard on /lsit-index, no user balances.
- v2 (2026-Q4): Enable LSIT ↔ USDL swaps inside LOVE Flow.
- v3 (2027-Q1): LSIT as unit of account for Academy PRO baskets.
- Never: LSIT on a public chain.
FXDEX status (demo, no mainnet plan)
FXDEX and DexWallet are 100% owned by Miha / Wise World 2012 Limited and are preparing for Stellar mainnet launch. The testnet dry-run has been completed successfully (issuer locked, auth flags false, distribution separated). Mainnet transition proceeds under the owner's three non-negotiable conditions: (1) user-as-issuer signatures in Stellar Laboratory, (2) no freeze surface (required/revocable/clawback = false), (3) locks exclusively via Soroban contracts, never claimable balances. The official mainnet issuer address will be published only after signing and on-chain verification.
Where we actually stand (2026-07-27)
DexWallet (Cipher) has confirmed there is no plan or decision to issue FXDEX on Stellar mainnet. It remains a simulated demo. The hybrid model below is a LOVE Coin design sketch — not a joint agreement, not a roadmap. We will not build integrations against a live FXDEX asset until DexWallet reaches out with an actual mainnet decision.
FXDEX · On-chain verification
Horizon read errorLive read from Stellar Horizon — verifies issuer sovereignty guarantees.
LSIT is an internal accounting unit. It is not a financial instrument, not a security, not electronic money, and not a means of payment outside the LOVE ecosystem. Nothing on this page is investment advice.
