Men's Weekly

.

Business Telegraph

.

BingX, First CEX to Launch LSD Token Lybra Finance LBR USDT Spot Trading Pair

  • Written by Telegraph Magazine
SINGAPORE - Media OutReach - 31 May 2023 - BingX, a leading centralised cryptocurrency platform, is thrilled to announce the release of the LBR USDT spot trading pair on its platform.
This new addition offers users the opportunity to engage in trading with the Lybra Finance ecosystem.

Lybra Finance is a groundbreaking decentralized finance (DeFi) protocol that follow the trend of Liquid Staking Derivatives after the launch of ETH Shanghai update. Lybra empowers users to leverage their ETH USDT or stETH holdings to generate stable eUSD stablecoins. By following a simple three-step process, users can deposit collateral, mint eUSD, and then choose to either receive interest or utilize the stablecoins within other DeFi protocols.

One of the key advantages of eUSD is its stability and safety. The value of eUSD remains close to its 1 USD peg, thanks to a combination of overcollateralization, liquidation mechanisms, and arbitrage opportunities. Additionally, holders of eUSD can expect to earn an attractive base annual percentage yield (APY) of approximately 7.2%, making it an appealing option for investors seeking a steady income stream while maintaining exposure to the cryptocurrency market. As the price of ETH rises, the yield generated by eUSD holders may also increase.

At the heart of Lybra Finance's governance and decision-making process lies the Lybra DAO. The DAO is governed by LBR token holders, who possess the power to influence the project's direction, propose and vote on various decisions, and collectively manage the protocol. This community-driven approach ensures that Lybra Finance remains true to its decentralized nature and aligns with the interests of its users.

BingX aims to further enhance its offerings and provide users with diversified opportunities within the DeFi landscape. The LBR coin spot trading pair is an exciting addition to BingX's growing range of trading options, solidifying its position as a comprehensive platform for crypto enthusiasts.

BingX continues to prioritize security, user experience, and market-leading features, ensuring a seamless trading experience for all participants.

Hashtag: #bingx #cryptoexchange

The issuer is solely responsible for the content of this announcement.

About BingX

Founded in 2018, BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Additionally, BingX has launched BingX QA , an engine for new project analysis like .

Entrepreneurs & Leaders

How to Blend Indoor and Outdoor Spaces Seamlessly

Creating a natural flow between your indoor and outdoor spaces can make your home feel larger, brighter, and more inviti...

Embracing Change in Business: Turning Challenge into Opportunity with the Help of a Business Mentor

In today’s fast-paced, unpredictable and ever-changing business world, change in business is not just inevitable – it’...

Why Hiring a Digital Marketing Agency in Sydney Is a Smart Move for Growing Brands

In the competitive world of online marketing, standing out in a crowded digital space is no easy task. Businesses acro...

Boss Air Suspension and Superior Engineering: Advanced Suspension Technologies

The evolution of 4WD suspension reaches new heights with systems from Boss Air Suspension and Superior Engineering. Th...

What to Look for When Replacing Outdated Hose Fittings in Your Production Line

Over time, even the most robust equipment starts to show wear, and one of the most overlooked yet vital components in th...

Why Promotional Products Still Matter in a Digital World in Australia

In an age dominated by digital marketing, tangible branded merchandise still holds significant power. Promotional prod...

Wang Chuanfu Attends BYD Harmony’s 100th Overseas Store Opening

                                                                 Dignitaries inaugurate the new storeOn July 12, 2025, M...

A Step-by-Step Guide on How to Open Company in Poland

Poland continues to be a highly attractive destination for global entrepreneurs seeking new opportunities within the E...

What Sets a Top Commercial Plasterer Contractor Apart in Melbourne’s Competitive Market

Melbourne’s commercial construction scene moves fast. Whether it is a retail space on Chapel Street, a high-rise offic...