Lybra Finance: The migration deadline for LBR V1 is October 1st, and failure to migrate by this date will result in permanent destruction of the circulating supply.

BlockBeats reported on September 24th that Lybra Finance tweeted a reminder that the LBR V1 migration deadline is 8:00 AM on October 1st Beijing time, and any V1 LBR that is not migrated before the deadline will be permanently destroyed from the circulating supply. Previously reported by BlockBeats on July 20th, the LSD stablecoin protocol Lybra Finance V2 testnet has been launched, with new features including full-chain functionality, expanded options for LST as collateral, improved fund security, and a new mechanism that maintains the value of LBR while supporting the eUSD peg. In Lybra V2, users will have two different ways to mint eUSD and peUSD, with peUSD being the full-chain version of eUSD.