eUSD (OLD) EUSD Price

What is eUSD (OLD) (EUSD)?

eUSD $EUSD is an innovative interest-bearing stablecoin developed by the Lybra Finance protocol. Designed to maintain a 1:1 peg with the US dollar, eUSD $EUSD distinguishes itself by offering holders a stable yield, leveraging the rewards generated from Liquid Staking Tokens (LSTs) such as stETH, rETH, and WBETH. This approach provides users with a decentralized, secure, and yield-generating stablecoin option in the Web3 ecosystem. The Lybra Finance protocol, responsible for the development of eUSD $EUSD, operates under a decentralized autonomous organization (DAO) model, allowing community governance and decision-making. The protocol's V2 upgrade introduced support for a broader range of LSTs as collateral and implemented features like flash loans to enhance fund security during liquidation processes.

Key Features of eUSD $EUSD

• Interest-Bearing Mechanism: Holders of eUSD $EUSD earn a base annual percentage yield (APY) of approximately 8%, derived from the staking rewards of the underlying LST collateral.
   
• Over-Collateralization: Each eUSD $EUSD is backed by at least $1.50 worth of $ETH or supported LSTs, ensuring stability and reducing the risk of under-collateralization.
   
• Zero Minting Fees: Users can mint eUSD $EUSD without incurring any minting fees, making it cost-effective for participants to engage with the protocol.
   
• Omnichain Compatibility: The introduction of peUSD, an omnichain version of eUSD $EUSD, allows users to utilize the stablecoin across multiple blockchains, enhancing its utility in various DeFi applications.
   
• Censorship Resistance: Built on a decentralized protocol, eUSD $EUSD offers users a censorship-resistant stablecoin option, free from centralized control.

Use Cases of eUSD $EUSD

• Stable Yield Generation: By holding eUSD $EUSD, users can earn a consistent yield without the need to actively manage their assets, providing a passive income stream.
   
• Collateral for DeFi Applications: eUSD $EUSD can be used as collateral in various DeFi platforms, enabling users to access additional financial services while earning interest.
   
• Liquidity Provision: Users can provide liquidity in eUSD $EUSD pairs on decentralized exchanges, earning trading fees and further enhancing their yield.
   
• Cross-Chain Transactions: With peUSD, users can seamlessly transact across different blockchains, leveraging the omnichain capabilities of the token. 

Conclusion

eUSD $EUSD represents a significant advancement in the stablecoin landscape, combining the stability of a USD peg with the benefits of yield generation through Liquid Staking Tokens. Its integration into the Lybra Finance protocol offers users a decentralized, secure, and versatile stablecoin option, aligning with the evolving needs of the Web3 and DeFi ecosystems.

What is unique about eUSD (OLD) (EUSD)?

eUSD $EUSD is distinctive for being an interest-bearing stablecoin that offers approximately 8% APY, backed by Liquid Staking Tokens, and maintains a 1:1 USD peg through over-collateralization.

Who are the founders of eUSD (OLD) (EUSD)?

The founders of eUSD $EUSD is not publicly known.

Who are the backers/investors of eUSD (OLD) (EUSD)?

Lybra Finance has partnered with protocols like Pendle to enhance the adoption and utility of eUSD $EUSD within the DeFi ecosystem.

Where can I buy eUSD (OLD) (EUSD)?

You can buy eUSD (OLD) (EUSD) on Curve (Ethereum) cryptocurrency exchanges.