Lybra Finance: Some users can buy peUSD and convert it to eUSD for sale or debt repayment
Lybra Finance, the LSD stablecoin protocol, posted on X saying: "We have noticed that some users have previously converted their eUSD to peUSD but have not yet cancelled the transaction. Considering the current price of peUSD, these users can obtain exclusive arbitrage opportunities because only they have the right to convert peUSD back to eUSD. The team has published a list of eligible addresses, and users on the list can now buy peUSD, convert it to eUSD, and then sell or repay their debts."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SEC Takes Key Step Toward Litecoin ETF Approval
Is XRP Poised for a Breakout to $5 and Beyond?
Trump’s Commerce Pick Wants Tether Audited – Will This Shake Up Crypto?
Ethereum holds the line between ‘in it for the tech’ and ‘for the money’
Building onchain public goods is noble but they don’t always make the number go up