Lybra Finance: TVL decline is caused by user behavior, protocol security
Lybra Finance stated on social media that the sudden decrease in TVL was caused by user behavior. The protocol is secure and user assets are not affected. According to DefiLlama data, Lybra Finance's total TVL dropped from $246 million earlier today to $82 million, a daily decrease of 66.67%.
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
Prediction Market Shows 75% Chance of New Country Buying Bitcoin This Year
Frax community approves frxUSD stablecoin backed by BlackRock's BUIDL
According to RWA.xyz, BlackRock's USD Institutional Digital Liquidity Fund has over $648 million in assets under management. The Frax community has voted to pass FIP-418 to use BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) as backing collateral for the Frax-USD (frxUSD) stablecoin. A