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$LBR spikes above 99% with Token Burn and $LBR Mining update
$LBR, the Lybra Finance ecosystem token, is up above 99% in the past 24hours, & now trades around $0.027296, with inflow of $236.95k, & trading volume of $15.42M, as per Gate.ip chart.
Lybra Finance has recently confirmed that a total of 630k eUSD (sourced from protocol revenue) locked in the contract has been unlocked & burned via the configure contract. The move comes as the platform continues to implement additional measures to improve & control eUSD liquidity in the market. The LBR mining incentive program will also be ending in about a month, with plans for all $LBR tokens to be fully emitted.