The LBR mining incentive program will end in about a month, by which time all LBR tokens will have been fully emitted. To address the liquidity issues of eUSD, we've taken the following actions:
Previously, a total of 630k eUSD (sourced from protocol revenue) was converted into peUSD and distributed to token holders. In other words, these eUSD were locked in the contract. We need to unlock them, otherwise, there won’t be enough eUSD circulating in the market.
To resolve this, we’ve burned 630k peUSD (protocol-owned + market purchase) via the configure contract and unlocked the corresponding amount of eUSD.
The unlocked eUSD has been listed for sale on CowSwap at a fixed price of 1 USDC = 1 eUSD. It is recommended to purchase by placing a limit buy order and manually importing the eUSD contract to avoid unexpected slippage or selecting the wrong trading pair.
eUSD V2 contract: 0xdf3ac4F479375802A821f7b7b46Cd7EB5E4262cC
The price difference from the sale will be used to support the withdrawals of V1 depositors. In the meantime, please check and claim any remaining eUSD rewards you may have on both V1 and V2.
Looking ahead, we’ll continue to implement additional measures to improve eUSD liquidity in the market.
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