Lybra Finance V2 testnet is now live.

BlockBeats news, on July 20th, the LSD stablecoin protocol Lybra Finance V2 testnet is now live, with new features including full-chain functionality, expanded options for LST as collateral, improved fund security, and a new mechanism to maintain the peg to eUSD while supporting the value of LBR. On Lybra V2, users will have two different ways to mint eUSD and peUSD, with peUSD being the full-chain version of eUSD. If Rebase LST (such as Lido's stETH) is used as collateral, eUSD can be minted directly and then converted to peUSD for use on chains outside of the Ethereum mainnet. When peUSD is minted in this way, even if peUSD is spent, interest will continue to be earned from the underlying eUSD collateral. If non-Rebase LST is used, such as Rocket Pool's rETH, Binance's WBETH, or Swell's swETH, peUSD can be minted directly. When peUSD is minted in this way, interest will not be earned from the stablecoin itself, but the earnings will automatically accumulate from the underlying LST used as collateral, and the value of peUSD will continue to increase even if it is spent.