Lybra Presale

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

DETAILS

• Presale Details
  • Presale will be held on Lybra Finance
  • Duration: 48 hours (or until hard cap reached)
  • Purchase token: ETH
  • Presale rate: 1 ETH = 20,000 LBR
  • Listing price: 1 ETH = 20,000 LBR
  • Presale vesting: 100% at launch
  • Soft cap: 100 ETH
  • Hard cap: 250 ETH
  • No minimum or maximum contribution
  • ETH contributed during the presale is withdrawable until the soft cap is reached
  • Whitelisted wallets will receive 10% bonus in esLBR (esLBR is locked LBR and can be converted to LBR through 30-day vesting)
  • Initial circulating market cap: unknown
  • Initial liquidity: 20% of presale funds
  • Presale fund allocation
    • 20% for LBR/ETH LP
    • 40% to mint eUSD
    • 20% to add eUSD/USDC LP
    • 20% for market making and operational expenses
  • Taxes: 0%
  • DEX listing: April 22
  • 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)