Lybra Finance rolled out its v2 testnet on Arbitrum’s Goerli network Wednesday morning as the issuer of a yield-bearing stablecoin aims to entice more high-frequency traders and other decentralize finance (DeFi) users with its products.

Lybra’s eUSD stablecoin is designed to be worth $1 and generate income from collateralized liquid staking tokens. With the v2 upgrade, users can use RocketPool, Binance and Swell’s liquid staking tokens as collateral to generate eUSD, per a blog post, and the revision also introduces a companion stablecoin called peUSD.

Users can convert eUSD to peUSD, which aims to be friendlier for high-frequency traders – a term that describes a wide range of automated trading firms, including market makers and other vital liquidity providers – that use decentralized finance protocols, said 0xP, Lybra’s pseudonymous head of commercial partnerships.

The testnet rollout comes as the market capitalization of eUSD has surged 152% in the past 30 days to $198 million as investors deposit staking tokens to mint eUSD. Moreover, Lybra is nearing $400 million in total value locked, a 108% increase in July, data from DefiLlama shows.

LBR, Lybra’s governance token that has more than 3,000 unique holders per Nansen, has increased 4.6% in the past 24 hours to $1.97.