Lybra Finance Docs V2
  • Background
    • Introduction
    • Welcome to the World of LSTs
    • Stablecoins on the Market
    • Interest-Bearing Stablecoin
    • Lybra, the Home of all LSTs
  • Overview
    • V2 Summary
    • Introduction to the Lybra Protocol
      • Lybra LST Vault & Pool Mechanisms
      • What is eUSD and How does eUSD Work?
      • What is peUSD and How does peUSD Work?
      • How can eUSD Stability be Ensured?
      • How to Maintain Fund Safety As Lybra Expands The Range Of LSTs That Can Be Used As Collateral
      • How does eUSD and peUSD work?
    • LBR and esLBR
      • Token Utilities
      • Protocol Revenues
      • Governance
  • Mechanisms
    • Minting
    • Rigid Redemption and eUSD Price Stability
    • Liquidation
  • Tokenomics
    • LBR Tokenomics
      • Token Allocation
      • Token Utilities
      • esLBR
        • Staking & Yield Boost
        • esLBR Advanced Vesting
        • dLP Design
  • Governance
    • Lybra DAO
    • Lybra Wars
    • Lybra Grants for Ecosystem Advancement & Development
  • supplement
    • Roadmap
    • FAQ
    • Contracts
    • Audits & Bug Bounty
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  1. Overview

V2 Summary

V2 Upgrades and Enhancements

PreviousLybra, the Home of all LSTsNextIntroduction to the Lybra Protocol

Last updated 1 year ago

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Lybra Finance is introducing , an Omnichain DeFi utility version of eUSD. This latest addition further enriches our growing ecosystem by providing additional utility and versatility.

In this V2 update, we are diversifying the types of . Alongside existing options, we will be accepting rETH and WBETH for eUSD and peUSD minting from the onset. This expanded offering not only broadens our user base, but also provides our users with more flexibility in their interactions with the protocol.

One of our most distinctive features in V2 is the ability to . Further enhancing protocol's resilience, the amount of converted eUSD can be availed for flash loans, aiding in efficient liquidation and contributing to the stability of our protocol's fund.

Lastly, in V2, we have introduced additional streams of protocol revenue. Service fees from eUSD circulation and repayment fees from peUSD debts will now be channeled to esLBR holders, further aligning the incentives of the protocol and its token holders.

Engagement and empowerment of our community remain central to our values. As such, token holders have the right to participate in the , vote on protocol directions, and even select their preferred minting pools for .

Our innovative Bounty programs, namely the and the , provide users with an opportunity to purchase esLBR at a discount using either LBR or eUSD.

To further maintain the peg of eUSD, we have established the . This dedicated resource ensures our stablecoin remains steady amidst the inherent volatility of the cryptocurrency market.

esLBR
DAO protocol governance
increased emissions
Stability Fund
peUSD
Liquid Staking Tokens (LSTs) that can be used as collateral
convert eUSD to peUSD without sacrificing the accruing interest on the initial eUSD
dLP Bounty
Advanced Vesting Bounty
Comparison of V1 vs V2 of Lybra Finance