Lybra Liquidity Launch

Token launch for a yield bearing stablecoin backed by Liquid Staking Derivatives (LSD) on Ethereum.

DETAILS

• Launch Details
  • Token will be listed on Uniswap
  • Token pair: LBR/ETH
  • Listing rate: 1 ETH = 20,000 LBR (~$0.095)
  • Presale rate: 1 ETH = 20,000 LBR (~$0.095)
    • 250 ETH hard cap filled in presale on Lybra Finance
    • Presale vesting: Claim of presale tokens will be open 47 hours after token launch
  • Initial circulating market cap (estimate): $589,000
  • Initial total liquidity (estimate): $190,000
    • 20% of presale funds (50 ETH) + 1,000,000 $LBR
  • Taxes: 0%
  • Beta dApp

• Mechanics & Features
  • Lybra provides a yield-bearing stablecoin (EUDS) pegged 1:1 to USD
  • Each EUSD is backed by and over-collateralised up to 150% collateral ratio by ETH/stETH (stETH is the Liquid Staking Derivative of ETH)
  • Users can deposit tokens (e.g., ETH or stETH) as collateral to mint eUSD to earn yield in eUSD and rewards in $LBR
  • No minting fee or interest on loans
  • eUSD/ETH liquidity providers earn $LBR rewards
  • $LBR is the native token
  • $LBR can be locked to receive $esLBR (escrowed $esLBR)
  • esLBR holders receive governance power and a share of protocol revenue (100% of LSD distribution service fee)
  • esLBR can be converted to $LBR through a 30 days vesting period
  • Users can also become a Liquidator or Liquidation Keeper to earn ETH

• Tokenomics
  • Token symbol: LBR
  • Total supply: 100,000,000
    • 5% — Presale (100% TGE)
    • 1% — Initial liquidity
    • 60% — Mining Pool (0% at TGE, then vested over 2 years based on mining contracts)
    • 10% — Ecosystem Incentives (2% unlocks at TGE, then linear vesting over 2 years)
    • 10% — Protocol Treasury (0% at TGE, then linear vesting over 2 years)
    • 8.5% — Team (6-month cliff, then linear vesting over 2 years)
    • 5% — Advisors (0% at TGE, then 10% after a one-month cliff, followed by linear vesting over 1 year)