LBR

Lybra Finance price 
LBR

$0.4449  

12.36% (1d)

Lybra Finance has migrated to new contract address from their old contract address. Check their announcement here. According to Gopluslabs the contract owner may contain mint function and has the authority to modify the balance of tokens at other addresses. Please exercise caution before taking any action and DYOR 

Lybra Finance to USD Chart

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Lybra Finance statistics
Market cap
 

0.00%

$3,101,114
#2446
Volume (24h)
 

40.74%

$2,612,250
#660
Volume/Market cap (24h)
 
84.24%
Self-reported circulating supply
 
6,969,897 LBR
6.97%
Total supply
 
15,491,597 LBR
Max. supply
 
100,000,000 LBR
Fully diluted market cap
 
$44,492,963
LBR to USD Converter
LBR
USD
Price performance
24h 
Low
$0.4427
High
$0.5089
All-time high
May 29, 2023 (9 months ago)
$4.64
-90.4%
All-time low
May 08, 2023 (10 months ago)
$0.1657
+168.49%
See historical data
Popularity
In watchlists8,366x
2398th / 8.8K
Do you own this project? Update Token Info

Lybra Finance has migrated to new contract address from their old contract address. Check their announcement here. According to Gopluslabs the contract owner may contain mint function and has the authority to modify the balance of tokens at other addresses. Please exercise caution before taking any action and DYOR 

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About Lybra Finance

The Lybra Protocol is a groundbreaking decentralized protocol designed to bring stability to the volatile world of cryptocurrency. Built on LSD (Liquid Staking Derivatives), the protocol initially leverages Lido Finance-issued ETH proof-of-stake and stETH as its primary components, with plans to support additional LSD assets in the future.

The protocol's primary objective is to provide the cryptocurrency industry with a safer, more decentralized stablecoin, eUSD, which offers stable interest to its token holders. As a DeFi protocol, Lybra facilitates the minting of eUSD by allowing users to borrow against their deposited ETH and stETH.

eUSD, being an ETH-assets-over-collateralized stablecoin, offers users the security and stability necessary for conducting their business with confidence.

A distinctive feature of the Lybra Protocol is that users can earn regular stable income by holding minted (borrowed) eUSD, which is powered by the LSD (Liquid Staking Derivatives) income generated from the deposited ETH and stETH. In other words, when users deposit ETH or stETH and mint EUSD against them, they receive a stable income in stETH of approximately 5%, which is converted to eUSD through the protocol and distributed to them.

eUSD is an interest-bearing, over-collateralized stablecoin that ensures safety and stability. The Lybra Foundation and LybraDAO community firmly believe that a decentralized stablecoin is essential for both enterprises and individuals to fully harness the benefits of cryptocurrency. By offering an interest-bearing stablecoin supported by ETH and stETH, the Lybra Protocol empowers users to participate in the DeFi ecosystem with confidence and security.

 
 
 
 
 
 
 
 
 
 

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