DeFi renaissance is upon us and @LybraFinanceLSD is the Mona Lisa.
Deposit LSDs, mint eUSD, and earn 8% APY!
V2 is launching soon, paving the way to $1B+ mcap!
I bought $LBR on day 1, let's dive into why I've diamond handed this gem💎🙌
Deposit LSDs, mint eUSD, and earn 8% APY!
V2 is launching soon, paving the way to $1B+ mcap!
I bought $LBR on day 1, let's dive into why I've diamond handed this gem💎🙌
In this thread, we'll cover the following
🔍 Quick Stats & Insights
♎️Lybra V2
🛡️Lybra Wars
🔍 Quick Stats & Insights
♎️Lybra V2
🛡️Lybra Wars
New to Lybra Finance? Don't worry!
Check out my introduction thread to get you started.
Check out my introduction thread to get you started.
🔍Quick Stats & Insights
Lybra is already the #4th largest CDP protocol, surpassing $crvUSD and $MIM by double!
Listed on 5 Exchanges: KuCoin, Bitget, Gateio, Mexc, Cryptocom.
Featured in Binance Research!
wen Binance listing? Soon.
Audits: Code4rena, Halborn, & Consensys
Lybra is already the #4th largest CDP protocol, surpassing $crvUSD and $MIM by double!
Listed on 5 Exchanges: KuCoin, Bitget, Gateio, Mexc, Cryptocom.
Featured in Binance Research!
wen Binance listing? Soon.
Audits: Code4rena, Halborn, & Consensys
🔍Quick Stats & Insights
• $25M mcap
• 50%+ market share of LSDfi projects
• $344M TVL
Over $173M eUSD minted and over $2M+ paid to holders!
Dune Credit: @defi_mochi
• $25M mcap
• 50%+ market share of LSDfi projects
• $344M TVL
Over $173M eUSD minted and over $2M+ paid to holders!
Dune Credit: @defi_mochi
Why are people excited about V2?
• Omnichain
• Supporting new LSDs for collateral
• Fund security
• eUSD peg improvements
• Supporting $LBR value
Testnet is already live! Expecting mainnet this month!
v2-test.lybra.finance
• Omnichain
• Supporting new LSDs for collateral
• Fund security
• eUSD peg improvements
• Supporting $LBR value
Testnet is already live! Expecting mainnet this month!
v2-test.lybra.finance
🌉Omnichain
Partnering with @LayerZero_Labs!
Deposit LSD assets on Ethereum mainnet, mint eUSD, and get ready to bridge to Arbitrum!
Partnering with @LayerZero_Labs!
Deposit LSD assets on Ethereum mainnet, mint eUSD, and get ready to bridge to Arbitrum!
đź’ŠExpanded LSDs
Lybra V1 supported $ETH and $stETH.
V2 will focus on expanding to all major LSD assets! Including $rETH, $wBETH, $swETH, and more!
Lybra V1 supported $ETH and $stETH.
V2 will focus on expanding to all major LSD assets! Including $rETH, $wBETH, $swETH, and more!
🏦eUSD Pegs
Lybra will be creating an eUSD/3CRV Curve pool.
By pairing with 3CRV, this will create further stability and maintain the peg.
To further improve peg, V2 has a price premium mechanism
• Trading at more than 0.5%?
• The protocol will swap $eUSD for $USDC
Lybra will be creating an eUSD/3CRV Curve pool.
By pairing with 3CRV, this will create further stability and maintain the peg.
To further improve peg, V2 has a price premium mechanism
• Trading at more than 0.5%?
• The protocol will swap $eUSD for $USDC
🔥V2 Tokenomics Updates
$LBR is the governance token and Lybra has plans to ensure long-term sustainable value.
Extending The Vesting Period From 30 Days To 90 Days for esLBR into LBR.
$LBR is the governance token and Lybra has plans to ensure long-term sustainable value.
Extending The Vesting Period From 30 Days To 90 Days for esLBR into LBR.
🔥BURN BABY BURN!
Dynamic Liquidity Provisioning (dLP)
To receive esLBR from eUSD users will be required to maintain 5% in locked dLP relative to their loan.
If users fall below < 5%, a bounty equal to the emission will be placed at a 50% discount in LBR. 10% will be burned!
Dynamic Liquidity Provisioning (dLP)
To receive esLBR from eUSD users will be required to maintain 5% in locked dLP relative to their loan.
If users fall below < 5%, a bounty equal to the emission will be placed at a 50% discount in LBR. 10% will be burned!
🛡️Lybra Wars
V2 will allow for an entirely new incentive model and opportunity for LSTs pool to bribe governance holders to direct emissions!
New LST types will have rebase LSTs and Non-Rebase (value-accruing) LSTs, Lybra is creating individual vaults and collateral ratios.
V2 will allow for an entirely new incentive model and opportunity for LSTs pool to bribe governance holders to direct emissions!
New LST types will have rebase LSTs and Non-Rebase (value-accruing) LSTs, Lybra is creating individual vaults and collateral ratios.
With LSD types having individual vaults holders of esLBR, governance token will have voting power to govern the future of Lybra Finance.
This includes steering the emissions to pools.
This includes steering the emissions to pools.
Different LST pools will be able to compete for esLBR emissions by bribing token holders.
We've seen this model be extremely successful with other protocols. Given Lybra's momentum in LSDfi, it's set up perfectly to capture this.
We've seen this model be extremely successful with other protocols. Given Lybra's momentum in LSDfi, it's set up perfectly to capture this.
If you enjoyed this thread, consider hitting that like, rt, or follow for more alfa!
Give a follow to fellow Lybra chads and supporters.
@ChadCaff
@defi_mochi
@18decimals
@jediblocmates
@Govanisher
@CryptoNikyous
@Flowslikeosmo
@AlphaSeeker21
@0xSalazar
@ChadCaff
@defi_mochi
@18decimals
@jediblocmates
@Govanisher
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@Flowslikeosmo
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