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Lybra Finance Docs V2

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Background
Introduction
Welcome to the World of LSTs
Stablecoins on the Market
Interest-Bearing Stablecoin
Lybra, the Home of all LSTs
Overview
V2 Summary
Introduction to the Lybra Protocol

LBR and esLBR

Mechanisms
Minting
Rigid Redemption and eUSD Price Stability
Liquidation
Tokenomics
LBR Tokenomics

Governance
Lybra DAO
Lybra Wars
Lybra Grants for Ecosystem Advancement & Development
supplement
Roadmap
FAQ
Contracts
Audits & Bug Bounty
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ATTENTION LYBRA USERS.



Dear users, amid the recent TVL fluctuation, we assure you that your assets
remain secure. To address concerns, we're offering eUSD compensation linked to
your staking activity.

Thank you for your continued support and understanding.

Mint eUSD
A REVOLUTION IN THE STABLECOIN LANDSCAPE: AN INTRODUCTION TO EUSD AND PEUSD

Lybra's primary mission is to create an interest-bearing stablecoin, known as
eUSD, which is secure, decentralized and delivers real yield to its holders.
This is achieved through the protocol's innovative structure which allows users
to mint eUSD by depositing their ETH and other supported LSTs as collateral.
In addition to eUSD, Lybra V2 also introduces an Omnichain version of eUSD,
called peUSD (pegged eUSD), which represents the underlying DeFi-utility of
eUSD, unlocking wider utility for DeFi applications. Both eUSD and peUSD can be
converted at a ratio of 1:1 through the protocol.
eUSD, an over-collateralized asset, offers users much-needed stability in the
volatile cryptocurrency market. Meanwhile, peUSD provides users the confidence
for transacting in DeFi, with its wide-ranging use cases.
AN INNOVATIVE APPROACH TO DEFI YIELD GENERATION

One unique aspect of Lybra Protocol is the opportunity it provides for users to
generate a steady income through real yield. By depositing ETH or rebase LSTs
and minting eUSD against these assets, users can expect to earn approximately 8%
on their eUSD holdings. This income is drawn from the Liquid Staking Token
income generated by the deposited collateral. The income is converted to eUSD
through the protocol and then distributed to eUSD holders. Meanwhile, the
introduction of peUSD allows users to continue earning yield on their eUSD even
as they are spending it.
EXPANDING SUPPORT FOR COLLATERAL ASSETS WITH LYBRA V2

Lybra V2 is designed to support a wider range of LSTs as collateral, offering
more flexibility and choice to users and borrowers of eUSD. It also provides
further autonomy to the Lybra Finance DAO. In accordance with the results of any
DAO proposal and vote, the Lybra Contract Admin can add or remove supported
assets in accordance with outcome of any governance voting. This degree of
adaptability ensures that Lybra continues to stay at the forefront of the
evolving DeFi landscape and ensures the safety and stability of the protocol is
kept as the highest priority.
Next - Background
Welcome to the World of LSTs

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A Revolution in the Stablecoin Landscape: An Introduction to eUSD and peUSD
An Innovative Approach to DeFi Yield Generation
Expanding Support for Collateral Assets with Lybra V2
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