Cryptocurrency Q&A
What is the Lybra protocol coin?
What is the Lybra protocol coin?
EnchantedDreams
Wed Nov 13 2024
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5 answers
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The Lybra Protocol coin, referred to as eUSD, is a decentralized, stable, and interest-bearing cryptocurrency introduced by the Lybra Finance platform. It is backed by Liquid Staking Tokens (LSTs) and designed to provide users with a stable asset in the volatile cryptocurrency market, offering security, decentralization, and yield.
5 answers
Eleonora
Fri Nov 15 2024
The CORE technology of the Lybra Protocol is Liquid Staking Derivatives (LSD).
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Elena
Fri Nov 15 2024
Currently, the protocol mainly relies on ETH and stETH issued by Lido Finance, and it has plans to support more LSD assets in the future.
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SamuraiHonor
Fri Nov 15 2024
The primary objective of the Lybra Protocol is to maintain a stablecoin named eUSD.
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Dario
Fri Nov 15 2024
The Lybra Protocol was officially launched on April 24, 2021.
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DaeguDivaDanceQueenElegantStride
Fri Nov 15 2024
It is positioned as a layer zero, decentralized platform.
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