Lybra Finance is a decentralised finance (DeFi) protocol that focuses on creating an interest-bearing stablecoin called eUSD. The protocol uses Liquid Staking Tokens (LSTs) like stETH and ETH as collateral, allowing users to mint eUSD. The goal is to provide stability in the cryptocurrency market while offering users a steady passive income through rebasing yields on stETH. The protocol is decentralised and governed by LBR token holders via a DAO (Decentralised Autonomous Organisation), which oversees decision-making and protocol changes.

Lybra Finance is designed to mint eUSD, an over-collateralised stablecoin backed by ETH and stETH. Users can deposit their ETH or stETH as collateral to generate eUSD, which maintains stability and accrues interest over time. The protocol also introduces peUSD, a version of eUSD that can operate across multiple blockchains through omnichain functionality, increasing its utility in the DeFi ecosystem. LBRV1 tokens are central to the governance, staking, and operational mechanisms of the Lybra Finance protocol.