eUSD (OLD)
EUSD Rank —Price chart
What is eUSD (OLD)?
Overview
eUSD is a decentralized stablecoin built on the Lybra Protocol, intended to offer stability and safety within decentralized finance. Users deposit ETH or stETH to borrow eUSD, with the protocol designed to serve both enterprises and individuals participating in cryptocurrency markets. The stablecoin distinguishes itself by distributing yield to holders rather than acting as a non-productive asset.
How it works
The protocol is built on liquid staking derivatives, initially using stETH from Lido Finance. Users deposit ETH or stETH as collateral and mint eUSD against these deposits. The minting mechanism enables borrowing of the stablecoin while maintaining over-collateralization to ensure stability.
Peg and backing
eUSD is an over-collateralized stablecoin backed by ETH and stETH deposits. The protocol maintains stability through requiring deposits to exceed the value of borrowed eUSD. Holders of minted eUSD receive approximately 5% annual yield derived from staking rewards generated by the underlying collateral, distributed in stETH and converted to eUSD.
Where to trade EUSD
3 exchanges · top 10
Live spot quotes from connected exchanges
EUSD funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.