Lybra $LBR

The Lybra Protocol is a pioneering decentralised protocol architected to introduce stability in the unpredictable domain of cryptocurrencies. Constructed on Liquid Staking Derivatives (LSD), this protocol initially uses a proof-of-stake of Ethereum (ETH) issued by Lido Finance, and stETH as its core elements, and has plans to accommodate more LSD assets in the future.

Lybra's Primary Goal

The protocol's chief goal is to present the cryptocurrency industry with a safer, more decentralized stablecoin, eUSD. This stablecoin provides steady interest to its token holders. As a DeFi (Decentralised Finance) protocol, Lybra enables the creation of eUSD by giving users the ability to borrow against their deposited ETH and stETH.

eUSD : The Stablecoin

eUSD, being an ETH-assets-over-collateralized stablecoin, provides users with the essential security and stability required for confidently carrying out their transactions. With its unique features, users can earn a regular stable income by holding minted (borrowed) eUSD, supported by the income generated from the deposited ETH and stETH through LSD (Liquid Staking Derivatives).

Income Generation with Lybra

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 via the protocol and then distributed to them.

eUSD : An Interest-Bearing, Over-Collateralized Stablecoin

eUSD is an interest-bearing, over-collateralized stablecoin that ensures safety and stability. The Lybra Foundation and LybraDAO community are firm believers that a decentralized stablecoin is crucial for both enterprises and individuals for deriving optimum benefits from the world of cryptocurrency. By offering an interest-bearing stablecoin supported by ETH and stETH, the Lybra Protocol enables users to participate in the DeFi ecosystem with a sense of security and confidence.