The price of Lybra Finance token (LBR) is currently $0.28, with a 24-hour increase of over 54%

ChainCatcher news, according to RootData data, the price of Lybra Finance token (LBR) is currently reported at $0.28, with a 24-hour increase of over 54%.

Additionally, the Web3 asset data platform RootData shows that Lybra Protocol is a yield-bearing stablecoin protocol supported by LSD, aimed at bringing stability to the volatile cryptocurrency world. A notable feature of the Lybra Protocol is that users can earn regular stable income by holding minted (borrowed) eUSD, which is supported 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 for them, they earn approximately 5% stable income in stETH, which is converted to EUSD through the protocol and distributed to them.