Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Maxicreed on July 04, 2023, 03:04:58 PM
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Lybra Finance aims to add stability to the volatile crypto world. This is possible through the provision of a safer and more decentralized stablecoin, eUSD, which offers stable interest to its token holders and as a DeFi protocol, it facilitates the minting of eUSD by allowing users to borrow against their deposited ETH and stETH.
eUSD, being an ETH-assets-over-collateralized stablecoin, offers users the security and stability necessary for conducting their business with confidence.
A distinctive feature of this project is that user can earn regular income by holding the minted eUSD and
it current market cap is 22.8 million with 9.8 million already in circulation out of the 100 million of its total supply.
It seems more like an undervalued gem with great potential but as usual this is not a financial advice and you may do your due diligence before making your decision.
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With its inflationary mechanism incentivizing users and the innovative yield-bearing stablecoin, Little wonder funds are flowing into Lybra. With the current inflation rate which is relatively high, my concern is, if there is no proper adjustments, Lybra may risk losing market share to competitors like Gravita Protocol, Raft Finance, and others.
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Have we got it listed on CMC and CG already? Need to check it out because am a DeFi enthusiast and having another LSD protocol like Lybra might just strengthen the Ethereum ecosystem more.
Anyways goodluck to early holders on the listed platform
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Seems good, i think the project is of a good utility and it’s productivity at the long run will draw attention of a lot of people within the crypto space as well as those who are yet into crypto. My question right now is, is the LBR token available for buy already and how can I get it? Please kindly give me the full details.
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It is already showing a glimpse of its potential because MCap has improved from about $8 million+ to about $23 million+ and price action is looking good at +88% in a month (infomation from CG and tokeninsight) but as someone rightly said; it may have been enjoying influx of users due to it attractive features but really needs to make adjustment to its rates to meet with the current inflation rate and stay afloat with its steady growth in the market.
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This is definitely a project I've seen with Uniqueness in these past years I've been in the crypto industry! I'll surely check out this amazing project on the exchange you made mention 😊 bthank you for showing/informing me of this. The info is priceless.