Lybra Finance announced the launch of Lybra V2.
BlockBeats reported on September 1st that Lybra Finance, a stablecoin protocol, announced the launch of Lybra V2, a decentralized self-custody protocol designed to safeguard digital assets from theft and private key compromise. Users are advised to migrate their LBR from Lybra V1 to Lybra V2 before 8:00 AM on October 1st (Beijing time).
As previously reported by BlockBeats on July 20th, Lybra Finance V2 testnet has been launched, with new features including full-chain functionality, expanded options for LST collateral, improved fund security, and a new mechanism to maintain eUSD peg while supporting LBR value. On Lybra V2, users will have two different ways to mint eUSD and peUSD, the latter being the full-chain version of eUSD.