eUSD (OLD) $EUSD

The Lybra Protocol is a pioneering decentralized protocol that aims to introduce stability in the volatile cryptocurrency industry. It leverages Lido Finance-issued ETH proof-of-stake and stETH as its primary assets, through the use of LSD (Liquid Staking Derivatives). The protocol's key goal is to introduce a safer, more decentralized stablecoin called eUSD to the crypto world. eUSD offers stable interest to its holders and is essentially an ETH-assets-over-collateralized stablecoin, providing the necessary security for confident transactions.

eUSD and the Lybra Protocol

eUSD is a unique stablecoin created by the Lybra Protocol. As a part of the DeFi ecosystem, Lybra enables the minting of eUSD by allowing users to borrow against their deposited ETH and stETH. Users can earn a regular stable income by holding the minted (borrowed) eUSD. This income generation is enabled by the LSD income originating from the deposited ETH and stETH. When users deposit ETH or stETH and mint eUSD, they receive an approximate 5% stable income in stETH, which is then converted to eUSD and distributed to them.

Key Features of eUSD

eUSD is an over-collateralized stablecoin that bears interest and ensures safety and stability in transactions. The Lybra Foundation and LybraDAO community strongly believe in the necessity of a decentralized stablecoin for both enterprises and individuals to fully benefit from cryptocurrency. By offering an interest-bearing stablecoin backed by ETH and stETH, the Lybra Protocol offers a platform for participants to engage in the DeFi ecosystem with assured security and confidence.

The Future of Lybra Protocol

The Lybra Protocol presents plans of widening its support for additional LSD assets in the future. With steadfast dedication to the protocol's primary objective of providing a secure, decentralized stablecoin, Lybra is poised to make significant contributions to the cryptocurrency industry's stability.