Lybra Finance: The LBR migration phase has officially concluded

Shri333

Golden Finance reports that Lybra Finance, the issuer of interest-bearing stablecoins, has announced the official conclusion of the LBR migration phase. There are a total of 2,065,967 LBR tokens that were not migrated from V1 to V2 before the deadline. Note that these tokens will be burned from the circulating supply, pending DAO voting. Lybra DAO is set to be released, so please ensure that you have LBR and are prepared to participate in governance.

As previously reported by Golden Finance, Lybra Finance announced that Lybra DAO will launch on October 1st at 1:00 PM UTC (9:00 PM Beijing time). esLBR and LBR holders will be able to make crucial decisions about Lybra's future by submitting governance proposals and voting on them. Each proposal has a 7-day voting window, and if the DAO votes "in favor" of an on-chain proposal, it will be automatically executed by TimeLock 2 days after the voting is completed.