Alpha Seeker
Alpha Seeker

@AlphaSeeker21

7 Tweets 3 reads May 21, 2023
$LBR @LybraFinanceLSD is one of the most exciting projects I’ve seen since $LUNA at 30 cents. lybra.finance
I know Stablecoins very well and are the killer apps in crypto.
It’s a trillion dollar market opportunity.
$LBR has built a yield bearing stablecoin - eUSD - that is over-collateralized by Staked ETH.
It’s a Liquid Staking Derivative where Staked ETH users can mint eUSD and earn a high yield of 7%-8%.
There are several reasons why this protocol is very powerful and will attract a lot of TVL:
➡️Interest Bearing Stablecoin for steady income on their holdings
➡️Leveraged Long on ETH at ZERO Cost (no Minting fees or interest)
➡️Decentralized and Stability - Only accepts ETH and Staked ETH as collateral
➡️Token Incentives- Receive LBR Tokens for minting eUSD
They have already attracted $26 million TVL with $13 million in eUSD Circulation.
Sitting at $4 million MC as of writing.
I think this is an easy 10x-20x in the coming months as LSD Summer is kicking into gear.
They have a lot of catalysts coming on their roadmap!
I’ve heard they have several DeFi protocols partnerships lined up.
Can you imagine a Lending Protocol using an interest bearing stablecoin like eUSD for your loan! You may not have to pay interest or better yet, they’ll pay you to take out a loan.
The possibilities are endless in the world of crypto 🤯
Their V2 is probably one of the most exciting things I’ve seen in crypto which we will know more details early next week.
But I’ve heard it will help reduce emissions and have better token value capture/utility. 🔥🔥🔥
Currently, you can stake $LBR token to receive protocol revenue that will require some length of lockup.
Join the community
See you guys on the Moon 🌕
If and when they introduce a deflationary mechanism, $LBR and eUSD will be one of the most exciting projects in crypto.
There’s always crypto projects that comes around that’s going to change the crypto space!
I believe @LybraFinanceLSD will be one of those projects!
Be Early and Enjoy your gains 😎
Join the community - discord.gg

Loading suggestions...