TechFlow reports that LSD stablecoin protocol Lybra Finance announced it will launch its V2 testnet in June, with plans to deploy the mainnet between July and August.
According to the announcement, the V2 version will offer cross-chain interoperability powered by LayerZero technology and introduce new LSD tokens as collateral. The upgrade will also include updates to the LBR tokenomics—such as enhanced LBR utility, deflationary mechanisms, burn functions, an upgraded LBR emission schedule, improved protocol revenue and fee capture, the launch of the Lybra Finance DAO and governance system, UI/UX improvements, and new DeFi partnerships and collaborations.
As of May 23, Lybra V1 has achieved a TVL exceeding $67 million, with over 36,000 stETH deposited. Against this collateral, the protocol has issued over $34 million worth of eUSD stablecoins.
