Bitrue will list Lybra Finance (LBR) and open trading for the LBR/USDT spot trading pair.
- Deposit: Open
- LBR/USDT trading opening time: 10:00 (UTC) on August 22nd, 2023.
- Withdrawal: Available from 10:00 (UTC) on August 23rd, 2023
Lybra Finance (LBR)
Lybra Finance is a CDP (Collateralized Debt Positions) platform that allows users to collateralize their ETH/stETH to mint the platform's stablecoin. The unique aspect of Lybra compared to other platforms is that users can mint eUSD without incurring any fees, including borrowing fees.
Additionally, eUSD is a yield-bearing asset, meaning that by holding this stablecoin, users can earn passive income paid in the platform's inflationary token.
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