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.

According to ChainCatcher news, the LSD stablecoin protocol Lybra Finance announced on platform X that the cross-chain lending protocol Curvance for yield-bearing assets has received a total of 10,000 esLBR in grants. As peUSD is set to be integrated into the Curvance testnet, these funds will be used to create a market for peUSD during the testnet and beta release.It is reported that this integration will open up a new yield layer for peUSD through Curvance's CVE Gauge Emissions. Curvance will also conduct joint marketing around these integrations to enhance the visibility and usage of peUSD on Curvance.

ChainCatcher news, the LSD stablecoin protocol Lybra Finance stated that it has noticed a sudden drop in TVL, caused by user behavior. The protocol is secure, and users' assets are unaffected, so there is no need to panic.The total TVL of the Lybra Finance protocol has decreased from $246 million earlier today to $82 million, a daily drop of 66.67%.

ChainCatcher news, the OKX Web3 wallet's DeFi section exclusively launches the Lybra interest rate increase event, with a total prize pool of 40,000 LBR. From December 11, 2023, 18:00 to February 9, 2024, 18:00 (UTC+8), users can participate in a triple interest rate increase event, enjoying up to an additional 12% APR. First, by staking ETH to Lido, users can receive up to 3% APR additional interest. Then, by collateralizing stETH on LybraFinance to mint eUSD, users can receive up to 4% APR additional interest. Finally, by staking Curve LP eUSD-3CRV to Lybra, users can receive up to 5% APR additional interest. Additionally, users can simply stake Curve LP peUSD-USDC.e to Lybra to enjoy up to 5% additional interest.Participating in this event is very simple. Users can connect their wallet or create a new OKX Web3 wallet, go to the DeFi page, search for the Lybra Finance V2 protocol, select Mint eUSD investment product, and mint eUSD to receive additional interest subsidies. Alternatively, users can search for eUSD or peUSD, select multi-coin earning, click on Curve LP eUSD-3CRV or Curve LP peUSD-USDC.e, and subscribe to receive additional interest subsidies.

ChainCatcher news, Lybra Finance announced on social media that esLBR holders voted to extend the deadline for migrating V1 LBR tokens by another 3 months. The new migration deadline is January 16, 2024, at 21:00 Beijing time. Starting from October 16 at 21:00, existing V1 LBR holders can begin migrating their tokens to V2 esLBR. A 3% migration fee will be distributed weekly to esLBR holders. The first migration fee distribution will take place on October 23.

ChainCatcher news reports that, according to the official website, Lybra Finance has now integrated with the OKX Web3 wallet. Users can mint the stablecoin eUSD by collateralizing ETH, stETH, rETH, wstETH, etc., through the OKX Web3 wallet plugin, earn LBR tokens, stake LBR, and share protocol revenue, LP rewards, and more. Lybra Finance is an LSDFi stablecoin protocol, and its main business model is to mint the stablecoin eUSD by collateralizing ETH or stETH, achieving yield on the stablecoin through the repurchase of eUSD with the earnings from LSD.It is reported that the OKX Web3 wallet is a one-stop Web3 entry point, now supporting over 70 public chains, covering five major sectors: wallets, DEX, DeFi, NFT markets, and DApp exploration. It also supports the Ordinals market, MPC and AA smart contract wallets, gas exchange, hardware wallet connections, and provides users with a convenient and secure experience. (Source link)

ChainCatcher news, according to official sources, the interest-bearing stablecoin protocol Lybra Finance has officially launched Lybra DAO.esLBR and LBR holders will be able to make key decisions about the future of Lybra by submitting governance proposals and voting on them. Each proposal has a 7-day voting window, and if the DAO votes "yes" on an on-chain proposal, it will be automatically executed by Time Lock 2 days after the voting concludes.

ChainCatcher news, the interest-bearing stablecoin protocol Lybra Finance announced on social media that the LBR migration phase has officially ended. A total of 2,065,967 LBR were not migrated from V1 to V2 before the deadline, and these tokens will be burned from the circulating supply, pending a DAO vote.

ChainCatcher news, the stablecoin protocol Lybra Finance announced on Twitter that it will launch Lybra DAO at 21:00 Beijing time on October 1. esLBR and LBR holders can now participate in Lybra's decision-making by submitting governance proposals and voting. A minimum of 10,000 esLBR is required to submit a DAO proposal, which will be submitted via Tally. Voting will start 2 days after the proposal submission, and any LBR/esLBR holder can vote, but any LBR used will be automatically converted to esLBR at the time of voting, with 1 LBR representing 1 vote. Each proposal will have a voting period of 7 days. If the DAO votes in favor of an on-chain proposal, it will be automatically executed by Time Lock 2 days after the voting ends.

ChainCatcher news, the interest-bearing stablecoin protocol Lybra Finance stated on social media that the migration deadline for Lybra V1 is October 1st at 8:00 AM Beijing time. Any V1 LBR that is not migrated before the deadline will be permanently destroyed from the circulating supply.

ChainCatcher news, the LSD stablecoin protocol Lybra Finance announced the launch of peUSD on Arbitrum One, as the full-chain, DeFi utility version of eUSD.peUSD offers compatibility with DeFi protocols including lending and margin trading. Users can mint eUSD by collateralizing ETH and stETH and then convert it to peUSD on Arbitrum One, or mint peUSD directly on Arbitrum One using wstETH, rETH, WBETH, etc.

ChainCatcher news, the LSD stablecoin protocol Lybra Finance has announced the launch of Lybra V2. Users should ensure to migrate LBR from Lybra V1 to Lybra V2 before 8 AM Beijing time on October 1.Previously, ChainCatcher reported on July 20 that the testnet for LSD stablecoin protocol Lybra Finance V2 is now live, with new features including full-chain functionality, an expanded range of LST options as collateral, improved fund security, and a new mechanism to maintain eUSD peg while supporting LBR value. On Lybra V2, users will have two different ways to mint eUSD and peUSD, with peUSD being the full-chain version of eUSD.

ChainCatcher news, OKX will list the Lybra Finance token LBR on August 16 at 15:00 and open the LBR/USDT trading pair. LBR deposits are now open, and LBR withdrawals will be available on August 17 at 18:00.According to the crypto data platform RootData, Lybra Finance is a decentralized stablecoin protocol that allows users to mint the stablecoin eUSD by depositing LSD staking certificates such as ETH and stETH to earn regular, stable income. Its stablecoin eUSD is currently the highest market cap stablecoin among those backed by LST as collateral.

ChainCatcher news, Lybra Finance has launched the v2 testnet on Arbitrum Goerli, aiming to attract more high-frequency traders and other decentralized finance (DeFi) users.It is reported that after the v2 upgrade, users can use RocketPool, Binance, and Swell's liquid staking tokens as collateral to mint eUSD, and this version also introduces the accompanying stablecoin peUSD. Lybra's business director 0xP stated that converting eUSD to peUSD is more beneficial for high-frequency trading.DefiLlama data shows that Lybra's TVL is nearly $400 million, with a 108% increase in July. (Source link)

ChainCatcher news, Bitget will launch Lybra Finance (LBR) in the Innovation Zone, and the deposit channel is now open. The trading channel will open today at 15:00 (UTC+8).A new round of LBR super airdrop is about to begin. Bitget will airdrop LBR to eligible users, with each person able to receive up to $100 worth of LBR. (Source link)

ChainCatcher news, the LSD stablecoin protocol Lybra Finance has launched a collateral ratio (CR) monitoring feature.It is reported that when a user's collateral ratio falls below a specific threshold, it will automatically repay part of the user's debt. Once the collateral ratio returns to the predetermined level, this automatic repayment feature will stop. This feature is designed to provide users with an additional protection mechanism against liquidation risks in volatile markets. (Source link)