About Lybra Finance
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.
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Market Stats
Market Cap
$429.07K
0.09%
FDV
$1.04M
Circ. Supply
41M LBR
Max Supply
100M LBR
Total Supply
15M LBR
Diluted Valuation
$1.01M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$27.38K
8.86%
Volume (7D)
$225.68K
Volume (30D)
$760.94K
All time high
$4.64
Price Change (1Y)
-79.56%
Additional details
Market details
LBR vs markets
↘ 87.56%
LBR vs BTC
↘ 86.97%
LBR vs ETH
↘ 86.48%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xC98835e792553e505AE46e73a6fD27a23985aCcA | |
Ethereum | 0xF1182229B71E79E504b1d2bF076C15a277311e05 | |
Ethereum | 0xed1167b6Dc64E8a366DB86F2E952A482D0981ebd | |
Arbitrum | 0xA23e44aEa714fbBc08ef28340D78067B9A8Cad73 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0104 | ↗ 1.11% |
1 Day | $0.0103 | ↗ 1.11% |
1 Week | $0.0119 | ↘ 12.79% |
1 Month | $0.0139 | ↘ 25.42% |
1 Year | $0.0508 | ↘ 79.56% |
FAQ
We update our Lybra Finance to USD currency in real-time. Get the live price of Lybra Finance on Coinbase.
The current market cap of Lybra Finance is $429.07K. A high market cap implies that the asset is highly valued by the market.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#5043
Contributors
6
Posts
6
% About Lybra Finance
0.003%
Hold times
0 days
X (Twitter)
33.33% bullish
Sentiment
5.0 ★
Highlights
6 unique individuals are talking about Lybra Finance and it is ranked #5,043 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Lybra Finance has an average sentiment score of 5.0 out of 5. Finally, Lybra Finance is becoming less newsworthy, with 0 news articles published about Lybra Finance.
On Twitter, people are mostly neutral about Lybra Finance. There were 33.33% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Lybra Finance. 66.67% of tweets were neutral about Lybra Finance. These sentiments are based on 6 tweets.
On Reddit, Lybra Finance was mentioned in 0 Reddit posts and there were 0 comments about Lybra Finance. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.