Is LBR coin the leader? Is LBR coin worth buying in the long term?

LBR coin is a new project launched on April 22, 2023, but it has accumulated a wave of "fame" before it was launched. IDO funding sources and contract issues, as well as hints about the relationship with Lido on social media, have made LybraFinance once It has become the focus of controversy. The most controversial thing is the lack of anchoring ability in the design of stable coins. The most controversial issue of LBR coin is is LBR coin the leader? Many people firmly believe that only Longtou coins have investment value, so are Longtou coins and LBR coins worth buying in the long term? Closely related, according to data analysis, it is not the leader at present, but it has a certain purchase value. The editor below will tell you in detail.

Is LBR Coin the leader?

LBR coin is not the leader. The current market value of LBR coin is only 6.5304 million US dollars, and the circulation is only 6,200,000. It is listed on 2 exchanges. Its liquidity, market value and other data cannot become the leading standard.

LBR is the native token of the Lybra protocol and plays a key role in the governance and operation of LybraDAO. Holders of stLBR have the right to participate in governance and voting, and share in the benefits of the protocol. In the Lybra protocol, LBR tokens have a wide range of uses, including for staking, governance voting, minting new tokens, and liquidator rewards.

Holders of LBR tokens have voting rights in the Lybra protocol, and their voting rights are proportional to the number of LBR tokens they hold in the voting contract. The greater the number of tokens held, the greater the holder’s influence over protocol decisions. The responsibilities of LBR holders include managing the financial risks of the protocol and the stablecoin eUSD, with a focus on ensuring stability, transparency and efficiency.

Is LBR coin worth buying in the long term?

LBR coins can be purchased. The current price of LBR coins is 1.0533 US dollars, which is lower than the historical high price of 2.98 US dollars, but higher than the issue price of 1.0166 US dollars. The current investment return is 3.32%. There are currently only 2 online exchanges. Home, respectively, are Gate.io and BitMart. Overall, the current development of LBR currency is okay and the price is relatively stable.

Decentralized over-collateralized stablecoins have always been one of the cornerstones of the development of the crypto economy. However, due to limitations in its usage scenarios and user acceptance, even the market size of the leading DAI is only about 4b. Lybra uses collateral The interest generated by LST allows holders to obtain benefits that are much higher than those brought by general DeFi products. It is a groundbreaking innovation and has also had a certain positive impact on the decentralized stablecoin track. Other stablecoins such as DAI have also been launched. similar interest-bearing services.

Currently, the main income shared by LBR holders comes from service fees. The larger the size of eUSD, the more LBR income will be. If you look at it from the perspective of competing products, there are many stablecoins based on LSD, and the TVL growth brought by 8% interest has gradually slowed down. The simple mechanism is very easy to be imitated. If you cannot build your own protocol barriers in time, there is also the possibility of being overtaken. risks of.

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