$1.041000
Market Cap
$100.84K
24h High
$1.041000
24h Low
$1.041000
24h Turnover
$8.67
Total Supply
96.87K
Market Sentiment
Neutral
About eUSD (OLD) (EUSD)
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.
Risk Disclosure
Cryptocurrencies are high-risk assets and are subject to significant price volatility. The value of digital assets may fluctuate sharply within a short period of time, and you may lose part or all of your investment principal. Past performance does not guarantee future results.
Before engaging in any transaction, you should carefully assess your financial situation, investment experience, investment objectives, and risk tolerance, and ensure that you fully understand the characteristics and risks associated with cryptocurrencies. If necessary, you are advised to consult an independent professional advisor with the appropriate qualifications.
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