FAQ
Lybra Finance is a cutting-edge decentralized protocol. It aims to stabilize the volatility of the cryptocurrency world. It mainly operates on liquid staking tokens (LSTs), as well as ETH and other supported ETH proof-of-stake LSTs.
eUSD is an interest-bearing stablecoin, with ETH or Rebase LSTs as collateral. eUSD holders can earn annualized yields simply by holding eUSD. Also, qualified eUSD holders can get extra esLBR rewards provided by Lybra.
According to dLP, you need to provide at least 2.5% minting value to get esLBR — like the LBR/ETH LP token on Uniswap V2. After minting eUSD on Earn, you can go to the “Earn” section of Lybra Finance’s official website (https://lybra.finance/dashboard) and check “Mint Pool” to complete the process.
You can go to the "Earn" section of Lybra Finance's official website to claim your esLBR.
You can go to the "Vest" section of Lybra Finance's official website to convert your esLBR to LBR through a vesting process. Once the process is started, esLBR will be linearly converted to LBR in 90 days, and a 25 - 95% penalty fee will be charged if you decide to advance (or speed up) the vesting period.
You can follow the steps below:
1. Deposit ETH/stETH
2. Convert your deposited ETH into stETH by Lybra
3. Make sure the collateral ratio between your deposited ETH/stETH and minted eUSD amount exceeds 170%
The collateral ratio refers to the one between the dollar value of your collateral in the Lybra Protocol Vault and your loans in eUSD. It fluctuates as the price of ETH changes.
Liquidation happens when your collateral ratio is below 150%. Some of your assets will be liquidated in repayment of your loans in eUSD. Also, you need to make sure that the new collateral ratio should exceed the minimum collateral ratio of 150%. Please note that if your collateral ratio is below 125%, your assets will be fully liquidated.
After minting your eUSD, you can provide liquidity into a Curve pool named "eUSD-3CRV". Then you'll receive an LP token, which you can stake into a Lybra Finance pool called "Curve LP eUSD-3CRV", therefore maximizing your yield.
