Dear Lybra Community,
The past two months have witnessed remarkable growth for Lybra Finance, culminating in groundbreaking milestones and the imminent launch of V2. To keep you informed and engaged, we’re thrilled to introduce our bi-weekly newsletter—a one-stop resource for platform updates, educational content, and exclusive opportunities.
Key Achievements & Market Dominance
Lybra Finance continues to solidify its leadership in the LSDfi (Liquid Staking Derivatives Finance) sector. Here’s a snapshot of our latest successes:
- $100M+ eUSD Minted: A testament to the trust and utility of our interest-bearing stablecoin.
- $200M TVL (Total Value Locked): Reflecting robust adoption and protocol security.
- $89M ETH Converted to stETH: Enhancing capital efficiency for users.
- Top 5 CDP Protocol: Ranked among the leading Collateralized Debt Platforms (DefiLlama).
- #15 Stablecoin by Market Cap: eUSD’s rapid ascent in the stablecoin ecosystem.
Notably, Lybra commands 43% market share in Dune Analytics’ LSD Protocol Category—proof of our sector dominance even before V2’s launch.
Media Spotlight: CoinDesk Feature
Lybra’s exponential growth caught the attention of CoinDesk, which highlighted our TVL surge past $100M. This recognition underscores Lybra’s role as a pioneer in LSD-backed stablecoins and DeFi innovation.
👉 Read the full CoinDesk article here
Introducing the Collateral Rate (CR) Guardian
New Feature Alert: The CR Guardian is now live, offering enhanced protection against liquidations during market volatility.
How It Works
- Set a Threshold: Users define a CR (e.g., 180%) below which the Guardian activates.
- Auto-Repayment: If the CR drops, the system repays a portion of the debt to restore the ratio.
- Keeper Rewards: Liquidations are managed by Keepers, who earn fees for their services.
Example:
- David deposits $20K ETH/stETH, mints $10K eUSD (200% CR).
- If collateral drops to $18K (180% CR), the Guardian repays $1K debt, resetting CR to 200%.
This feature is ideal for large eUSD holders using Lybra as a vault.
LSD Summer School: Master LSDfi with Lybra
Elevate your expertise with our LSD Summer School—a series of:
- Long-form guides on Medium.
- Twitter Spaces discussions.
- Community Q&As.
👉 Subscribe to Lybra’s Medium for updates
Lybra’s Vision: Security & Capital Efficiency
As competitors emerge, Lybra remains committed to:
- High Liquidation Thresholds (150% CR): Prioritizing stability over risky leverage.
- V2 Upgrades: Enabling eUSD spending without sacrificing yield.
We welcome innovation in LSDfi but stay focused on delivering secure, yield-generating stablecoins.
Connect with Lybra
Stay ahead with real-time updates:
- Twitter: @LybraFinanceLSD
- Discord: Join the conversation.
- Docs: Explore Lybra’s technical framework.
To the future of LSDfi—powered by Lybra!
The Lybra Team
FAQ Section
Q: How does the CR Guardian reduce liquidation risk?
A: By auto-repaying debt when collateral ratios drop below user-set thresholds.
Q: What makes eUSD unique among stablecoins?
A: eUSD earns interest via stETH yield, combining stability with passive income.
Q: When will Lybra V2 launch?
A: Follow our newsletter and social channels for the official announcement!
Q: Can I spend eUSD without losing yield in V2?
A: Yes! V2 decouples spending from yield retention.
Have more questions? Engage with us on Discord!