RootData: Lybra Finance token (LBR) has increased by 67.06% in the last 24 hours

ChainCatcher news, according to data from RootData, the Lybra Finance token (LBR) has increased by 67.06% in the last 24 hours, currently priced at $0.146.

Additionally, the Web3 asset data platform RootData shows that Lybra Protocol is a yield-bearing stablecoin protocol supported by LSD, aimed at bringing stability to the turbulent cryptocurrency world.

A notable feature of the Lybra Protocol is that users can earn a regular stable income by holding minted (borrowed) eUSD, which is supported by the LSD (liquid staking derivatives) income generated from deposited ETH and stETH. In other words, when users deposit ETH or stETH and mint EUSD, they earn approximately 5% stable income in stETH, which is converted to EUSD through the protocol and distributed to them.