Lybra Finance Price
(LBR)
USD($)
Lybra Finance (LBR) Live Price Chart
Overview
About
Analysis
FAQ
Lybra Finance Live Price Data
The live price of Lybra Finance is $0.0999, with a total trading volume of $ 12,628 in the last 24 hours. The price of Lybra Finance changed by -1.47% in the past day, and its USD value has decreased by -25.98% over the last week. With a circulating supply of 7,035,210 LBR, the market cap of Lybra Finance is currently 447,525 USD, marking a --% increase today. Lybra Finance currently ranks #-- in market cap.
How do you feel about Lybra Finance today?
Note: This data is for reference only.
Lybra Finance(LBR) Profile
Rank--
--Expand 
Website
Documentation
Explorer
Contract
- Ethereum 0xed1167...ebd
Audited By
- https://docs.lybra.finance/lybra-finance-docs/supplement/audits
Code & Community
Investors
- --
$0.0952
$0.1208
- ATH
- $4.63
- Price Change (1h)
- +3.62%
- Price Change (24h)
- -1.47%
- Price Change (7d)
- -25.98%
- Market Cap
- $447,525
- 24h Volume
- $12,628
- Circulating Supply
- 7,035,210
- Max Supply
- 100,000,000
About LBR
How can I buy Lybra Finance (LBR)?
Buying LBR on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Lybra Finance (LBR) for more information. What Is Lybra Finance (LBR) Crypto?
Lybra Finance is a DeFi protocol that offers the eUSD stablecoin and utilizes the LBR token for governance purposes. It brings stability to the DeFi industry by providing an interest-bearing stablecoin called eUSD, which is over-collateralized and pegged to the US dollar.
By depositing Ethereum (ETH) or staked Ethereum (stETH) as collateral, users can mint eUSD and earn a stable income from the yield generated by the staked assets on this liquid staking derivatives (LSDs) protocol.
Here’s some information about its key components:
eUSD Stablecoin
eUSD is an interest-bearing stablecoin that maintains a 1:1 peg with the US dollar through over-collateralization, liquidation mechanisms, and arbitrage opportunities. Users can mint eUSD by depositing ETH or stETH as collateral and earning stable interest from the staked assets.
LBR Token
The Lybra (LBR) token is an ERC-20 token that serves as the governance token for the Lybra Protocol. LBR holders have decision-making power in managing the protocol and ensuring the stability, transparency, and efficiency of eUSD. The voting weight of LBR token holders is proportional to the amount of LBR tokens staked in the voting contract.
Smart Contract Audit
Lybra Finance has undergone a smart contract audit by SourceHat (formerly Solidity Finance). The audit identified a few low findings, but overall, the platform is considered secure, with proper authorization schemes and no signs of potential vulnerabilities.
Lybra Finance’s High TVL
Lybra Finance has attracted significant value within its protocol, with over $375 million total value locked (TVL) on Ethereum as of July 2023. This metric indicates the amount of assets locked within the protocol, primarily ETH and stETH.
How Does Lybra Finance Work?
Lybra Finance was designed to stabilize the cryptocurrency market through its flagship product, the eUSD - an interest-bearing stablecoin. Built on the principles of Liquid Staking Derivatives (LSD), Lybra Finance initially utilizes Lido Finance-issued ETH and stETH as its primary components, with plans to support additional LSD assets.
Users can mint eUSD by depositing Ethereum (ETH) or staked Ethereum (stETH) as collateral. The value of eUSD is maintained at a 1:1 peg with the US dollar through over-collateralization, liquidation mechanisms, and arbitrage opportunities.
eUSD generates stable interest for holders by utilizing the yield obtained from stETH and LSD within the Lybra Protocol. Users can redeem eUSD for an equivalent amount of ETH or stETH within the Lybra Protocol.
The Lybra Protocol allows users to take on various roles, such as Minters, Holders, Liquidators, Redemption Providers, and Keepers. These roles contribute to the functioning and operation of the protocol, ensuring its stability and efficiency.
History of Lybra Finance and LBR Coin
The Lybra Finance liquid staking protocol launched in April 2023, and its TVL nearly touched $100 million within the first month of operations. Its V2 testnet launch took place in June 2023. According to its roadmap, other notable developments in the Lybra Finance ecosystem include:
Q1 2023: Open-source contracts for review, community growth, social media establishment, testnet on zkSync, and audits.
Q2 2023: LBR public sale, going live on Ethereum, community calls, and collaboration with a reputable audit firm.
Q3 2023: Multi-sig SafeLayerZero, going live on Arbitrum, introducing lending protocols, exploring DeFi strategy, and developing more functions according to the Lybra DAO community.
Lybra Finance (LBR) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $-0.0015 | -1.48% |
| 7 Days | $-0.0351 | -25.98% |
| 30 Days | $0.0068 | 7.41% |
| 3 Months | $0.0402 | 67.50% |
24H Investment Barometer
24H
- Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
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Lybra Finance Conversion Rate
FAQ
How much is 1 Lybra Finance (LBR) worth?
KuCoin provides real-time USD price updates for Lybra Finance (LBR). Lybra Finance price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time LBR to USD exchange rates. Is Lybra Finance (LBR) a Good Investment?
Here are some reasons why investing in LBR could be a good idea:
Participation in Yield Generation
Lybra Finance offers mining programs where users can participate in the eUSD Loan Pool by depositing ETH/stETH to mint/borrow eUSD. By participating in these programs, investors can earn a proportional share of the yield generated by the protocol. This can provide potential income streams for LBR holders.
Real-yield Distribution
Holding LBR tokens can provide access to real-yield distributions. For instance, if you hold a percentage of LBR in the LBR Staking Pool, you can receive a proportional share of the real-yield generated by the protocol. This feature allows LBR holders to earn additional rewards based on the circulating supply and service fees collected by Lybra Finance.
Governance Rights on Lybra Finance
LBR token holders play a crucial role in managing the Lybra Protocol and overseeing the financial risks associated with eUSD. Holding LBR tokens grants voting rights proportional to the amount of LBR staked in the voting contract. It allows investors to participate in the decision-making process actively, ensuring stability, transparency, and efficiency within the protocol.
Lybra Flnance’s Growth and Adoption Potential
Lybra Finance aims to become a leading player in the DeFi sector. As the protocol continues to evolve and expand, there is potential for increased adoption and growth, which could positively impact the value of LBR tokens.
What Is Lybra Finance Price Prediction?
Although we cannot offer an accurate LBR price prediction over any timeframe, you could track the following factors better to understand price movements and volatility in this token:
Lybra Finance’s Level of Adoption and Partnerships
Adopting Lybra Finance's protocol and partnerships with other projects or platforms can positively impact the LBR token price. Increased adoption and integration of Lybra Finance's solutions may generate interest in the project, potentially attracting more investors and users and driving demand for LBR tokens.
Market Perception and Investor Confidence in Lybra Finance
Investor sentiment and perception regarding Lybra Finance's potential and ability to deliver on its objectives can impact the LBR to USD price. Positive developments, successful roadmap milestones, transparent governance, and a robust ecosystem can enhance investor confidence, potentially increasing demand for LBR tokens and driving the value of Lybra Finance.
LBR Tokenomics and Utility
The tokenomics and utility of LBR can affect its price. LBR holders may have the opportunity to participate in mining programs and receive real-yield distributions based on their involvement in the eUSD Loan Pool and LBR Staking Pool. These incentives can attract investors and drive demand for LBR tokens, which could impact the Lybra Finance price.
How to Use LBR Token
LBR is the native token of the Lybra Protocol and has the following functions:
Governance Token For Lybra Finance
LBR token holders play a crucial role in governing the Lybra Protocol and managing the financial risks associated with eUSD to ensure stability, transparency, and efficiency. The voting weight of LBR token holders is proportional to the amount of LBR they stake in the voting contract.
Participate in Real-yield Distribution
LBR token holders can participate in the LBR Staking Pool, which allows them to earn real-yield distributions. The real yield is derived from the service fees collected in the Lybra Protocol. For example, if you hold 1% of the LBR tokens in the LBR Staking Pool, you will receive a portion of the real-yield distribution corresponding to your stake.
Trade or HODL LBR Token
Trade Lybra Finance crypto against other digital assets on the KuCoin Spot Market or other supported platforms. Buy or sell LBR or hold the token long-term if you believe in the future potential of the Lybra Finance protocol. Remember to do your own research (DYOR) before making any investment decisions in the crypto market.
How to Earn on Lybra Finance
There are several ways you can earn using Lybra Finance, including:
Staking eUSD
You can earn a regular stable income by holding minted (borrowed) eUSD in your wallet. The revenue is generated from the earnings of the Liquidity Deposit Derivatives (LSD) and staking rewards from the deposited ETH and stETH.
Participate in LBR Staking Pool
The Lybra Protocol has a staking pool where you can stake LBR tokens. By staking LBR tokens, you can earn real-yield distributions. The real yield is derived from the service fees collected in the Lybra Protocol, and LBR token holders receive a portion of these distributions based on their stake.
How to Stake LBR on Lybra Finance
Here’s how you can stake LBR on Lybra Finance to earn rewards:
1. Set up a wallet and fund it by buying LBR on KuCoin or other platforms and transferring your tokens to your wallet.
2. Visit the Lybra Finance platform and connect your wallet to its interface.
3. Visit the Earn tab on the app and scroll down to the Earn Revenue section.
4. Enter the number of LBR tokens you want to stake and click Claim eUSD.
5. Confirm the transaction using your wallet.
6. Sit back, earn rewards in eUSD, and grow your crypto portfolio by staking LBR on Lybra Finance.
What is the all-time high price of Lybra Finance (LBR)?
The all-time high price of Lybra Finance (LBR) is $4.6300. The current price of LBR is down 97.84% from its all-time high.
What is the all-time low price of Lybra Finance (LBR)?
The all-time low price of Lybra Finance (LBR) is $0.0417. The current price of LBR is up 139.62% from its all-time low.
How much Lybra Finance (LBR) is there in circulation?
As of 12 22, 2024, there is currently 7,035,210 LBR in circulation. LBR has a maximum supply of 100,000,000.
What is the market cap of Lybra Finance (LBR)?
The current market cap of LBR is $447,525. It is calculated by multiplying the current supply of LBR by its real-time market price of $447,525.
How do I store Lybra Finance (LBR)?
You can securely store your Lybra Finance in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your LBR include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Ordinals (ORDI) to cash?
You can instantly exchange your Ordinals (ORDI) for cash using KuCoin's Fast Trade feature. This feature enables you to convert ORDI to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.