How to Buy
5 steps to buy on BYDFi
Open BYDFi account for free
Sign up for BYDFi with your email/mobile number and create a strong password to protect your account
Keep your account safe
Enable Google Authentication (2FA), set anti-phishing code, and trading password to add an extra layer of protection to your account.
Verify account
Enter your personal information and upload a photo of your valid ID cardVerify your personal identity
Add payment method
Once your BYDFi account is verified, add credit/debit card or bank account
Buy
There are various payment methods available to purchase LBR on BYDFi. We'll guide you through it
Choose how to purchase LBR on BYDFi
Buying coins on BYDFi is easy and convenient. Explore different ways to buy
- 1
Buy with credit/debit card
This is the easiest way for new users to buy (LBR). Connect your credit/debit card to your account, enter the amount, and wait for the transaction to complete
- 2
Buy through third-party channels
BYDFi supports a variety of leading third-party payment services. Visit ourThird-party payment pageCheck out the payment methods available in your area
- 3
Buy on BYDFi's Spot market
BYDFi's Spot market offers 700+ Coin pairs, making it the most popular buying platform. Buying methods are as follows:1. Buy stablecoins through BYDFi, third-party Coin buying channels. Additionally, you can transfer crypto assets from other wallets or exchanges to the BYDFi platform. Please make sure to choose the correct blockchain network, once you deposit your funds to the wrong address it cannot be reversed.2. Transfer your crypto to BYDFi account. Find the trading pair you want to trade on BYDFi's spot market. Place an order to exchange your currency to
Note: BYDFi offers a variety of order types to buy in the spot market, such as market orders to buy immediately and limit orders to buy at a specific price. For more information about BYDFi order types, click here3. After a successful trade, you can view the available in your account
How to store ?
The best way to store will vary depending on your needs and preferences. Check out the pros and cons to find the best way to store
Store LBR in your BYDFi account
Storing assets on BYDFi will give you quick access to trading products such as spot and contract trading, savings, lending, and more. BYDFi acts as the custodian of your crypto assets, saving you the hassle of keeping your private keys. Make sure to set strong passwords and upgrade your security settings to prevent malicious actions from accessing your assets
Deposit your LBR to the wallet
「No key, can't withdraw」If security is your biggest concern, you can withdraw to a decentralized wallet, so you can easily manage your key. You can use any type of wallet, including smart wallets, Web3 wallets or paper wallets. Note that this option may not be convenient if you want to frequently trade or use your assets. Be sure to store your private key in a secure location as loss of the key could result in the permanent loss of .
How you can use with BYDFi
Hold
Store in your BYDFi account.
Trade
Trade in spot and futures markets.
Why is BYDFi the best platform to buy ?
Safe and reliable
Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and insurance fund protect your account.
High liquidity
BYDFi has highly liquid buy and sell orders for all listed cryptocurrencies, providing a liquid trading experience with tight spreads
Gem cryptocurrency platform
Supporting over 500 cryptocurrencies, BYDFi is the best platform to find your next Gem. You can buy LBR on BYDFi and use it to exchange other crypto assets.
Friendly interface
Thanks to its simple interface and superior technology, buying on BYDFi is quick and convenient. Buy Coin on BYDFi to receive LBR
Trade
Answers
Is Lybra Finance (LBR) a Good Investment?
Here are some reasons why investing in LBR could be a good idea:
Participation in Yield Generation
Lybra Finance offers mining programs where users can participate in the eUSD Loan Pool by depositing ETH/stETH to mint/borrow eUSD. By participating in these programs, investors can earn a proportional share of the yield generated by the protocol. This can provide potential income streams for LBR holders.
Real-yield Distribution
Holding LBR tokens can provide access to real-yield distributions. For instance, if you hold a percentage of LBR in the LBR Staking Pool, you can receive a proportional share of the real-yield generated by the protocol. This feature allows LBR holders to earn additional rewards based on the circulating supply and service fees collected by Lybra Finance.
Governance Rights on Lybra Finance
LBR token holders play a crucial role in managing the Lybra Protocol and overseeing the financial risks associated with eUSD. Holding LBR tokens grants voting rights proportional to the amount of LBR staked in the voting contract. It allows investors to participate in the decision-making process actively, ensuring stability, transparency, and efficiency within the protocol.
Lybra Flnances Growth and Adoption Potential
Lybra Finance aims to become a leading player in the DeFi sector. As the protocol continues to evolve and expand, there is potential for increased adoption and growth, which could positively impact the value of LBR tokens.
What Is Lybra Finance Price Prediction?
Although we cannot offer an accurate LBR price prediction over any timeframe, you could track the following factors better to understand price movements and volatility in this token:
Lybra Finances Level of Adoption and Partnerships
Adopting Lybra Finance's protocol and partnerships with other projects or platforms can positively impact the LBR token price. Increased adoption and integration of Lybra Finance's solutions may generate interest in the project, potentially attracting more investors and users and driving demand for LBR tokens.
Market Perception and Investor Confidence in Lybra Finance
Investor sentiment and perception regarding Lybra Finance's potential and ability to deliver on its objectives can impact the LBR to USD price. Positive developments, successful roadmap milestones, transparent governance, and a robust ecosystem can enhance investor confidence, potentially increasing demand for LBR tokens and driving the value of Lybra Finance.
LBR Tokenomics and Utility
The tokenomics and utility of LBR can affect its price. LBR holders may have the opportunity to participate in mining programs and receive real-yield distributions based on their involvement in the eUSD Loan Pool and LBR Staking Pool. These incentives can attract investors and drive demand for LBR tokens, which could impact the Lybra Finance price.
How to Use LBR Token
LBR is the native token of the Lybra Protocol and has the following functions:
Governance Token For Lybra Finance
LBR token holders play a crucial role in governing the Lybra Protocol and managing the financial risks associated with eUSD to ensure stability, transparency, and efficiency. The voting weight of LBR token holders is proportional to the amount of LBR they stake in the voting contract.
Participate in Real-yield Distribution
LBR token holders can participate in the LBR Staking Pool, which allows them to earn real-yield distributions. The real yield is derived from the service fees collected in the Lybra Protocol. For example, if you hold 1% of the LBR tokens in the LBR Staking Pool, you will receive a portion of the real-yield distribution corresponding to your stake.
Trade or HODL LBR Token
Trade Lybra Finance crypto against other digital assets on the BYDFi Spot Market or other supported platforms. Buy or sell LBR or hold the token long-term if you believe in the future potential of the Lybra Finance protocol. Remember to do your own research (DYOR) before making any investment decisions in the crypto market.
How to Earn on Lybra Finance
There are several ways you can earn using Lybra Finance, including:
Staking eUSD
You can earn a regular stable income by holding minted (borrowed) eUSD in your wallet. The revenue is generated from the earnings of the Liquidity Deposit Derivatives (LSD) and staking rewards from the deposited ETH and stETH.
Participate in LBR Staking Pool
The Lybra Protocol has a staking pool where you can stake LBR tokens. By staking LBR tokens, you can earn real-yield distributions. The real yield is derived from the service fees collected in the Lybra Protocol, and LBR token holders receive a portion of these distributions based on their stake.
How to Stake LBR on Lybra Finance
Heres how you can stake LBR on Lybra Finance to earn rewards:
1. Set up a wallet and fund it by buying LBR on BYDFi or other platforms and transferring your tokens to your wallet.
2. Visit the Lybra Finance platform and connect your wallet to its interface.
3. Visit the Earn tab on the app and scroll down to the Earn Revenue section.
4. Enter the number of LBR tokens you want to stake and click Claim eUSD.
5. Confirm the transaction using your wallet.
6. Sit back, earn rewards in eUSD, and grow your crypto portfolio by staking LBR on Lybra Finance.
