Skip to content
Lybra V1 logo
CDPsActive

Lybra V1 Review: Is It Clear Enough to Use?

Lybra V1 is identified as an Ethereum CDP protocol for LSD-based stablecoins, but there is not enough detail to assess its costs, safety or how to use it.

By the SkyBitcoins review team · Updated

SkyBitcoins rating

Not rated yet

At a glance

Lybra V1 key facts

Lybra V1 key facts
TypeCDP protocol
ChainEthereum
TokenLBR
Audits2 listed; details not established
Value locked$316K−1.7% 7d
Updated

Lybra V1 FAQs

What is Lybra V1?

Lybra V1 is classified as an Ethereum CDP protocol. Lybra Finance describes its work as developing omnichain stablecoins based on liquid staking derivatives (LSDs).

What is the LBR token used for?

LBR is the token associated with Lybra V1. Its specific uses within V1 are not established, so check the protocol’s current documentation before interacting with it.

Has Lybra V1 been audited?

Two audits are listed, but their names, scope and findings are not available here. That listing alone is not enough to determine whether the version or contracts you intend to use were audited.

Compare

Lybra V1 alternatives

All alternatives
Liquity V1 logoScore 7.0 out of 10

Liquity V1 offers interest-free LUSD loans against ETH, but borrowing fees, liquidation risk and independent frontends need care.

TVL $156M−1.2%Ethereum
Score 6.8 out of 10

Liquity V2 offers user-set-rate borrowing against ETH and staked ETH, but you must choose a third-party frontend and manage liquidation risk.

Ethereum
Liquity V2 logoScore 6.5 out of 10

Liquity V2 lets you borrow BOLD against ETH or liquid staking tokens at a rate you choose, but you must vet the frontend and manage liquidation risk.

TVL $87.4M−0.5%Ethereum
Frankencoin logoScore 6.2 out of 10

Frankencoin offers collateral-backed ZCHF for borrowing, payments and savings, but check liquidation rules, fees and the exact network first.

TVL $59.3M+2.8%Ethereum
Parallel Protocol V3 logoScore 6.2 out of 10

Parallel offers USDp and sUSDp across five chains, but check variable yield, collateral and smart-contract risks before depositing.

TVL $851K−1.2%Hyperliquid L1 · Base · Ethereum +2
Inverse Finance Frontier logoScore 6.1 out of 10

Inverse Finance offers fixed-rate DOLA borrowing and sDOLA yield on Ethereum, but check market terms, liquidation risk and security before depositing.

TVL $5.01M−4.5%Ethereum

Same category

More CDPs

CDPs rankings
Mezo Borrow logoScore 6.0 out of 10

Mezo Borrow offers MUSD loans against Bitcoin, but check the full rate, collateral and liquidation terms before pledging BTC.

TVL $1.33M+3.1%Mezo
LiquidLoans logoScore 5.8 out of 10

LiquidLoans offers 0% interest borrowing against ETH or PLS, but liquidation risk and unpublished fee and audit details merit caution.

TVL $1.91M−6.7%Pulse · Base
POWERCITY Earn Protocol logoScore 5.8 out of 10

POWERCITY Earn offers interest-free PXDC loans against PLSX, but collateral, peg and contract risks warrant caution.

TVL $1.11M−20.8%Pulse
Thala CDP logoScore 5.8 out of 10

Thala offers Move Dollar borrowing and other DeFi products on Aptos, but check live fees and collateral liquidation terms before depositing.

TVL $432K−2.5%Aptos
Balanced Dollar logoScore 5.8 out of 10

Balanced combines cross-chain DeFi with collateral-backed bnUSD, but check live costs, liquidation rules and audit details before depositing.

TVL $9.84K−0.8%Icon
Balanced logoScore 5.7 out of 10

Balanced combines cross-chain swaps, lending and borrowing; check unlisted swap costs and the project’s security disclosures before depositing.

Icon · Avalanche · Injective +7

Same chain

More on Ethereum

Ethereum rankings
Lido logo

Lido

Staking Pool

Score 7.8 out of 10

Lido turns staked ETH into liquid stETH, but variable rewards, a 10% reward fee and withdrawal and contract risks need checking.

TVL $21.7B−1.1%Ethereum · Solana · Terra +2
Bitvavo logo

Bitvavo

Centralized Exchanges

Score 7.7 out of 10

Bitvavo offers euro funding, 400+ crypto assets and Pro Mode, but check withdrawal terms and the separate risks of staking and leverage.

TVL $311M−13.3%Ethereum · Bitcoin · Solana +9

Aave

Lending

Score 7.7 out of 10

Aave offers open crypto lending and borrowing, but variable rates, gas costs and liquidation risk make it best for informed DeFi users.

Ethereum
Aave V3 logo

Aave V3

Lending

Score 7.6 out of 10

Aave V3 offers non-custodial lending and collateralised borrowing, but rates vary and deposits remain exposed to DeFi and liquidation risks.

TVL $15.8B+3.4%Ethereum · Base · Arbitrum +18
Getblock logo

Getblock

Infrastructure

Score 7.4 out of 10

GetBlock suits teams needing multi-chain RPC and data services, but check usage billing, coverage and SLA terms before relying on it in production.

Bitcoin · XRP Ledger · Ethereum +3
Uniswap logo

Uniswap

DEXes

Score 7.4 out of 10

Uniswap offers wallet-based swaps and liquidity pools across 15+ networks, but pool fees, gas and self-custody risks still matter.

Ethereum · Base · Arbitrum +2

How we checked

Sources

  1. defillama.com/protocol/lybra-v1(opens in a new tab)

Last updated . Spotted an error? Tell us and we will correct it.