Lybra Finance has announced the upcoming arrival of Lybra V2, the next phase of this groundbreaking decentralized finance platform.
LybraFi’s- LSDfi has attracted considerable attention and the market shows tremendous growth potential.
Lybra Finance’s native token LBR is up 24% in just the past 24 hours, reaching a trading price of $1.80. It is still 61% below the $4.63 ATH set on May 29.
Coming soon, the release of Lybra V2 brings even more excitement. The platform is set to become OmniChain, extending its reach beyond ETH.
- source: Lybra Finance
Lybra Finance aims to be the most widely used and successful Omnichain self-profitable stablecoin. By integrating with LayerZero, the protocol will initially connect to Arbitrum, allowing the creation of a new version of OmniChain eUSD called OFT-peUSD.
This fungible token will bridge the eUSD from the Ethereum mainnet to the layer 2 chains, allowing users to use their stablecoin on any L2 chain they want.
The new Lybra V2 will allow users to claim a variable yield when bridging back by swapping or spending the loop. This feature adds significant value and fits perfectly into the LSD/LST ecosystem, especially as we are gradually transitioning to Omnichain models.
V2 will introduce a lot of options for users to put eUSD/OFT-peUSD into action. While they haven’t revealed the details, they have hinted at the inclusion of a DEX, perpetual contracts (perps), lending protocols, and more.
Lybra Finance has made waves in the industry by helping holders utilize the full potential of the LSD/LST they hold. With the arrival of V2, the project aims to revolutionize the entire DeFi ecosystem once again.
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