Author: @0xMavWisdom Note: This text is for informational purposes only and is not associated with any financial interests or endorsements of the mentioned project. With the continuous increase in ETH staking rate and LSD emerging as the leading asset category in terms of Total Value Locked (TVL), there is a growing trend in the community to explore more profit strategies around xETH. Integrating DeFi into the LSD space, which boasts $19.62 billion in assets, is becoming a focus of attention. According to data from Dune Analytics, as of May 30th, the TVL of LSDfi reached $315 million, which is only equivalent to 1.6% of the LSD TVL. Among them, Lybra Finance accounted for 56.9%, and it set a new record for single-day growth with over $43 million worth of ETH/stETH inflows on May 29th. The LBR Token has also achieved over 30x growth in just over a month. This article will analyze Lybra Finance with a focus on the eUSD stablecoin.