1/🧵LSD narrative is picking up steam this summer.
Lybra is proud to announce that $eUSD will be one of them leading the way in this new wave of #DeFi innovation.
🫰In this thread, we will explore why you should consider holding eUSD in your portfolio
Lybra is proud to announce that $eUSD will be one of them leading the way in this new wave of #DeFi innovation.
🫰In this thread, we will explore why you should consider holding eUSD in your portfolio
2/🧵 Interest Bearing
👆eUSD is an interest-bearing stablecoin, unlike other stablecoins like $USDC.
If you hold 1,000 eUSD, you will earn interest on your holdings.
After a year, your 1000 eUSD may become ~1008 eUSD, offering a steady stream of income for holders.
👆eUSD is an interest-bearing stablecoin, unlike other stablecoins like $USDC.
If you hold 1,000 eUSD, you will earn interest on your holdings.
After a year, your 1000 eUSD may become ~1008 eUSD, offering a steady stream of income for holders.
2.1🧵
This may not seem like a significant gain, but it can add up over time and provide a steady stream of income for holders.
This may not seem like a significant gain, but it can add up over time and provide a steady stream of income for holders.
3/🧵1:1 Hard Peg
Unlike other stablecoins like $DAI, eUSD is hard pegged to the US dollar at a 1:1 ratio, ensuring greater stability and predictability.
Unlike other stablecoins like $DAI, eUSD is hard pegged to the US dollar at a 1:1 ratio, ensuring greater stability and predictability.
3.1/🧵
For every eUSD in circulation, there is at least $1.5 stETH held in reserve through over-collateralization mechanisms.
There are other mechanisms include liquidation and arbitrage opportunities to ensure the stability.
👀 Docs: lybra-finance-1.gitbook.io
For every eUSD in circulation, there is at least $1.5 stETH held in reserve through over-collateralization mechanisms.
There are other mechanisms include liquidation and arbitrage opportunities to ensure the stability.
👀 Docs: lybra-finance-1.gitbook.io
4/🧵More Decentralized
Lybra ensures that eUSD remains a decentralized stablecoin.
🪙Only ETH and stETH are accepted as collateral assets to maintain safety and decentralization.
Lybra ensures that eUSD remains a decentralized stablecoin.
🪙Only ETH and stETH are accepted as collateral assets to maintain safety and decentralization.
4.1/🧵
Lybra offers greater security and independence from centralized entities like Circle and Coinbase, which back stablecoins like $USDC.
Lybra offers greater security and independence from centralized entities like Circle and Coinbase, which back stablecoins like $USDC.
5/🧵 Stable and Safe
While other #LSDFi protocols use strategy vaults to generate massive income and offer higher yields to investors, this often comes with higher risks.
While other #LSDFi protocols use strategy vaults to generate massive income and offer higher yields to investors, this often comes with higher risks.
5.1/🧵
Lybra opts for a safer approach, using the income generated from #LSD to benefit $eUSD holders with a stable yield of around 7.2%.
Lybra opts for a safer approach, using the income generated from #LSD to benefit $eUSD holders with a stable yield of around 7.2%.
6/🧵Lower Risks
By offering a stable and safer yield, $eUSD appeals to a broader range of investors who may be risk-averse or seeking consistent returns in their #DeFi portfolio, helping set eUSD apart from other stablecoins that prioritize high yields with accompanying risks.
By offering a stable and safer yield, $eUSD appeals to a broader range of investors who may be risk-averse or seeking consistent returns in their #DeFi portfolio, helping set eUSD apart from other stablecoins that prioritize high yields with accompanying risks.
7/🧵Diversify DeFi Portfolio
If you're looking to diversify your #DeFi portfolio and add a stablecoin with interest-bearing capabilities, 1:1 hard peg, decentralization, and stable yield, $eUSD is definitely worth considering. 🤔🤔🤔
If you're looking to diversify your #DeFi portfolio and add a stablecoin with interest-bearing capabilities, 1:1 hard peg, decentralization, and stable yield, $eUSD is definitely worth considering. 🤔🤔🤔
8/🚨Big news alert
🎉We have some exciting announcements coming up in the next few days. Stay tuned for major updates!
🔔Make sure you are following us and have joined our Discord server to stay up to date!
🚪discord.com
🎉We have some exciting announcements coming up in the next few days. Stay tuned for major updates!
🔔Make sure you are following us and have joined our Discord server to stay up to date!
🚪discord.com
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