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Lybra Finance

Interest-bearing stablecoin backed by LSD

Lybra Finance

Lybra Finance

@田中 隼五

Followers85
Following86
Influence Index0

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About Lybra Finance

Founded2022

Lybra Protocol is a decentralized protocol designed to bring stability to the volatile world of cryptocurrency. A distinctive feature of the Protocol is that users can earn a regular, stable income by holding minted eUSD, which is powered by the LSD (Liquid Staking Derivatives) income generated from 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 then converted to eUSD through the Protocol and distributed to them.

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Fundrasing details

IDO(2023-04-21)
Amount：$1.50M
Valuation：--