What Is Lybra Finance (LBR)?

Lybra Finance (LBR) Gets Listed on KuCoin! - KuCoin | CoinCarp

The Lybra Protocol is a groundbreaking decentralized protocol designed to bring stability to the volatile world of cryptocurrency. Built on LSD (Liquid Staking Derivatives), the protocol initially leverages Lido Finance-issued ETH proof-of-stake and stETH as its primary components, with plans to support additional LSD assets in the future.

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What Is stETH?

CoolWallet Partners With Lido For Liquid ETH Staking - CoolWallet

StETH is a derivative of ETH that is staked on Lido. Lido is a decentralized protocol allowing users to stake ETH and participate in the consensus mechanism of Ethereum. Staking helps to secure the Ethereum network under a proof-of-stake consensus mechanism, which is more energy-efficient and scalable.

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