Lybra Finance: Destroy 63,000 peUSD and unlock the corresponding amount of eUSD by configuring the contract

On April 17th, LSD stablecoin protocol Lybra Finance announced that in order to address the liquidity issue of eUSD, it has burned 63,000 peUSD tokens by configuring the contract and unlocked the corresponding amount of eUSD. The unlocked eUSD is now being sold on CowSwap at a fixed price of 1 USD.

The price difference generated from the sale will be used to support withdrawals for V1 recharge users. During this period, users can check and claim any remaining eUSD rewards in V1 and V2.

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Lybra Finance: Destroy 63,000 peUSD and unlock the corresponding amount of eUSD by configuring the contract

All Comments

Recommended for you

BTC falls below $88,000

US lawmakers draft new bill to exempt capital gains tax on stablecoin transactions under $200.

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Hassett's chances of becoming the next Federal Reserve Chairman have once again surged significantly.

China Merchants Bank: The yen carry trade may undergo a sustained reversal, exerting long-term downward pressure on global asset liquidity.

A new address withdrew $2.5 million worth of LINK from Binance.

ETH breaks $3,000

BTC breaks through $89,000

BTC breaks through $88,500

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