Name: eUSD (OLD)
SKU: EUSD
Price: 1.063 USD

Decentralized Finance (DeFi)

Stablecoins

Ethereum Ecosystem

Ethereum

eUSD (OLD)

Twitter

Medium

EUSD

Decentralized finance (DeFi) has been gained significant traction in recent years, and one of its most popular products is Collateralized Debt Position (CDP).

Top 5 CDP Platforms Of LSDfi

Lybra Finance (LBR) is a DeFi system where you can generate the stable cryptocurrency eUSD by investing in ETH without paying any fees or borrowing interest. In this article, we will explore what Lybra Finance is, how to purchase it, and more.

What is Lybra Finance (LBR)? How to Buy LBR?

FRAX

AAVE

COMP

&lt;table&gt; &lt;tr&gt;&lt;td&gt; &lt;a href=&quot;https://www.reddit.com/r/CryptoCurrency/comments/14f3rfv/stablecoin_protocol_reserve_invests_20m_in_convex/&quot;&gt; &lt;img src=&quot;https://external-preview.redd.it/69tlXUboB0V6RgdTSMdHlZPBpaGVyTnlWeQa1UCP0wQ.jpg?width=640&amp;amp;crop=smart&amp;amp;auto=webp&amp;amp;s=cf17c77a95f8cc8901a3f681d09fada35603ec8b&quot; alt=&quot;Stablecoin protocol Reserve invests $20M in Convex, Curve and Stake DAO&quot; title=&quot;Stablecoin protocol Reserve invests $20M in Convex, Curve and Stake DAO&quot; /&gt; &lt;/a&gt; &lt;/td&gt;&lt;td&gt; &lt;!-- SC_OFF --&gt;&lt;div class=&quot;md&quot;&gt;&lt;p&gt;The Reserve team said the investment could allow for new features such as collateralized loans and wallet products. Stablecoin protocol Reserve is investing $20 million into the governance tokens of yield farming apps Curve (CRV), Convex (CVX) and Stake DAO (SDT), according to a June 20 announcement. The investment is intended to increase the liquidity of Reserve’s stablecoins, called RTokens. It will also increase Reserve&amp;#39;s voting power within these apps’ governance systems. Reserve is a stablecoin protocol that allows users to create their own coins backed by any asset they wish. Electronic USD (eUSD), High-Yield USD (hyUSD), Reserve (RSV), Reserve Dollar (RSD) and ETH+ are a few examples of stablecoins that have been created through Reserve. Before the announcement, Reserve was already the seventh-largest holder of Convex tokens, behind only Mochi, Redacted, JPGd, Badger, Clever and FRAX. The protocol gained these tokens through its extensive use of Convex to earn yield for its users. The Reserve team stated that this new $20 million investment may allow for new features for RTokens, including “collateralized loans, wallet products, tokenizing real world assets, and more transparent fintech systems.” The protocol’s highest market cap coin, eUSD, is backed by dollar derivatives from Compound and Aave. It has a market cap of over $20 million and does approximately $500 million in trading volume per day. The team claims that eUSD has done over $5.7 billion in cumulative volume due to its use in the Android and iOS payment app RPay, which is often used in Latin America for remittances, shopping and payroll. The protocol’s second-highest market cap coin, High-Yield USD, is backed by a basket of dollar derivatives through Convex and Flex Finance. The $20 million investment may be welcome news to holders of CRV tokens, as CRV reached a one-year low on June 15. The new low was partially attributed to controversy surrounding Aave loans allegedly taken out by Curve&amp;#39;s founder.&lt;/p&gt; &lt;p&gt;By Tom Blackstone @ cointelegraph.com&lt;/p&gt; &lt;/div&gt;&lt;!-- SC_ON --&gt; &amp;#32; submitted by &amp;#32; &lt;a href=&quot;https://www.reddit.com/user/BullArmyTX&quot;&gt; /u/BullArmyTX &lt;/a&gt; &lt;br/&gt; &lt;span&gt;&lt;a href=&quot;https://cointelegraph.com/news/stablecoin-protocol-reserve-invests-convex-curve-stake-dao&quot;&gt;[link]&lt;/a&gt;&lt;/span&gt; &amp;#32; &lt;span&gt;&lt;a href=&quot;https://www.reddit.com/r/CryptoCurrency/comments/14f3rfv/stablecoin_protocol_reserve_invests_20m_in_convex/&quot;&gt;[comments]&lt;/a&gt;&lt;/span&gt; &lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

Stablecoin protocol Reserve invests $20M in Convex, Curve and Stake DAO

The Reserve team said the investment could allow for new features such as collateralized loans and wallet products.

Lybra Finance main goal is to provide the crypto industry with a safer, more decentralized stablecoin, the eUSD, that provides stable benefits to its token holders.

eUSD (OLD) Price

Top 5 CDP Platforms Of LSDfi

What is Lybra Finance (LBR)? How to Buy LBR?

Stablecoin protocol Reserve invests $20M in Convex, Curve and Stake DAO

Stablecoin protocol Reserve invests $20M in Convex, Curve and Stake DAO

Lybra Finance Review: Earn Stable Income With APY About 7,2% From Staking