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
Trump appoints former college football player Bo Hines to head crypto council
Avalanche9000 Upgrade And Tron Burn: Can These Two Be Outcompeted By Rollblock Crypto Presale?
El Salvador Announces New Bitcoin Step Despite IMF Warning
Bitcoin country El Salvador has taken a new step for BTC despite the stern warning and new agreement from the IMF.
Tether (USDT) Shares Its Profit Generated in 2024
Tether (USDT), the world's largest stablecoin issuer, shared the amount of profit it made in 2024.