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The Lybra Protocol is a decentralized protocol designed to bring stability to the cryptocurrency world. It leverages Liquid Staking Derivatives (LSD) and initially supports Lido Finance-issued ETH proof-of-stake and stETH. The protocol aims to provide a safer and more decentralized stablecoin called eUSD, which offers stable interest to token holders. Users can borrow against their deposited ETH and stETH to mint eUSD. The protocol allows users to earn stable income by holding minted eUSD, powered by the LSD income generated from the deposited ETH and stETH. eUSD is an interest-bearing, over-collateralized stablecoin that ensures safety and stability. The Lybra Protocol empowers users to participate in the DeFi ecosystem with confidence and security.
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