Lybra Finance: 63,000 peUSD destroyed and corresponding number of eUSD unlocked

Byblock@001

On April 17th, Lybra Finance, the LSD stablecoin protocol, posted that in order to solve the eUSD liquidity problem, it has destroyed 63,000 peUSDs and unlocked a corresponding number of eUSDs through a configuration contract. unlocked eUSDs are now being sold on CowSwap at a fixed price of $1. The difference in price will be used to support the withdrawal of V1 recharged users. The difference in price from the sale will be used to support withdrawals for V1 reloaded users. In the meantime, users can check and collect their remaining eUSD rewards in V1 and V2.

BlockBeats notes that PEUSD, the stablecoin issued by Lybra Finance, has been continuously de-anchored since September 2023 and is now trading at $0.572 USD.

Similar Posts

MELANIA programmers sold another 7.643 million MELANIA in the past 3 days

Byblock@001

On April 19th, according to on-chain data analysts, another 2.95 million MELANIA were sold for 9,009 SOLs ($1.2 million) seven hours ago by the project in the form of unilateral liquidity additions. Over the past three days, the MELANIA programmers have continued to transfer 7.643 million MELANIA (~$3.21 million) from liquidity to community addresses, and…

Tether Strategically Invests in Fizen to Enhance Global Stablecoin Use and Self-Custody Solutions

Byblock@001

On April 15, Tether announced a strategic investment in Fizen Limited, a fintech company focused on self-hosted crypto wallets and digital payments. The investment underscores Tether’s commitment to supporting innovative solutions that enhance financial accessibility and security in the digital asset ecosystem. Fizen provides advanced payment technology that facilitates seamless stablecoin transactions and makes digital…

Gold ETFs See $1.3 Billion in Net Outflows This Wednesday, Third Largest Ever

Byblock@001

On April 27, according to The Kobeissi Letter, gold ETF GLD saw $1.3 billion in outflows on Wednesday, the third-largest outflow on record. The fund set a record last week with daily inflows of about $1.9 billion. As a result, GLD became the third most traded ETF on Wednesday, according to Goldman Sachs. In addition,…

Trump and his family penetrate the crypto industry on all fronts

Byblock@001

On April 13, Bloomberg reported that President Donald Trump and his family are penetrating the crypto industry on all fronts: from digital collectibles NFTs to decentralized financial projects, from a planned stablecoin to a bitcoin-mining operation, and including Meme Coin, which is named after the presidential couple. According to estimates based on publicly available data,…

Meteora proposes to allocate 25% of tokens to liquidity incentives and TGE reserves

Byblock@001

On May 2, Solana’s liquidity management platform, Meteora, said on social media platforms that it proposes to allocate 25% of its tokens to liquidity incentives and TGE reserves. Of this amount, 20% will be allocated to the Liquidity Incentive Reserve, which will be used for liquidity mining incentives for a period of two years after…

Trader Eugene: Long ETH for the First Time Since January, Market Has a Lot of Inertial Ether Shorts

Byblock@001

On April 20, top trader Eugene Ng Ah Sio posted on his personal channel that he was “long ETH for the first time since the beginning of January, and from a technical analysis point of view, ETH has been showing a solid and slow uptrend since the beginning of April, with a clearer trend. It…