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Lybra is an open-source DAO (Decentralized Autonomous Organization) project. Lybra is managed by people around the world who hold its governance token, LBR. Through a governance system involving Executive Voting and Governance Polling, LBR holders can influence the direction of the protocol.
The Lybra (LBR) Token is the native token powering the Lybra Protocol. Its utility comprises all core network functionalities, such as staking, governance, mint, and liquidators rewards.
LBR is an ERC-20 governance token with a maximum supply of 100,000,000.
LBR holders manage the Lybra Protocol and the financial risks of eUSD to ensure its stability, transparency, and efficiency. LBR voting weight is proportional to the amount of LBR a voter stakes in the voting contract. In other words, the more LBR tokens locked in the contract, the greater the voter’s decision-making power.