Lybra Finance (LBR)
From CryptoWiki
Provides an interest-bearing stablecoin eUSD backed by staked ETH.
Basics
History
Audits & Exploits
- Bug bounty program can be found [insert here].
- Audit can be read here (1-5-2023)
Bugs/Exploits
Governance
Admin Keys
DAO
Notable Governance Votes
Treasury
Token
Launch
Token Allocation
Utility
Other Details
Coin Distribution
Technology
- Whitepaper or docs can be found [insert here].
- Code can be viewed [insert here].
- Consensus mechanism:
- Algorithm:
- Virtual Machine:
- Development language used:
Transaction Details
How it works
- Users deposit ETH/stETH + mint eUSD
- No borrowing/minting costs, LTV = ~59%
- Lybra stakes ETH
- stETH yield is swapped for eUSD and airdropped proportionally to eUSD holders
Fees
Upgrades
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Their Other Projects
Roadmap
- Can be found [Insert link here].
Revenue
Usage
- "Lybra Finance ranks #6 in "stETH usage in protocols" according to DeFi Llama (31-5-2023).
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Full team can be found [here].
Funding
Partners
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