Lyve Finance (LYVE)

Lyve Finance is the first omni-chain LSDfi protocol with insurance hedging against liquidation risks, backed by Linea and Pyth.

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What is Lyve Finance

Lyve offers a platform for users to borrow funds using various yield-generating collaterals, including LSTs and yield-enhanced or auto-compounding stablecoins.

Lyve provides interest-free loans and supports multiple LSTs as collateral, promoting diversity in the crypto ecosystem and aiding the growth of high-quality minority LSTs. This approach allows users to borrow against a variety of assets while maintaining separate positions for each. Further, Lyve is non-custodial, programmatic, and transparent, aligning with decentralized finance ideals. The platform doesn't take a cut from the yield of your LSTs, or LP positions, and fees are upfront and transparent, visible from the UI.

To get started, users deposit their collateral into the Lyve protocol and receive LYU tokens. The borrowable amount of LYU is based on the collateral's value. To maintain the protocol's safety and uphold the core values of LYU and LYVE, only non-censorable assets are supported on Lyve's main version.

Users earn by providing liquidity to the Stability Pool, which aids in repaying debts of liquidated Troves exceeding the maximum LTV. Stability Providers gain income from liquidation. Lyve will introduce a governance token in the future, potentially benefiting users, but the platform will launch initially without this token.