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What is eUSD?
eUSD is a stablecoin pegged to the US Dollar, backed by an excess of ETH collateral, and issued in a decentralized and unbiased manner. Simply holding eUSD generates a stable income with an APY of approximately 8%.
Thanks to its low volatility and stable interest income, eUSD can counteract harmful inflation and provide economic freedom and opportunities for individuals worldwide.
By depositing ETH into the Lybra Protocol, the deposited ETH can be used as collateral to mint/borrow eUSD at a healthy mint ratio for use in DeFi at any time.