Ebisu Finance is a DeFi protocol that enables users to borrow ebUSD, a stablecoin backed by liquid restaking tokens (LRTs). Designed for capital efficiency, Ebisu offers over-collateralized loans with borrower-set interest rates and dynamic, risk-weighted credit underwriting. It aims to unlock yield-bearing liquidity from staked assets while providing USD-denominated credit on-chain. The protocol’s decentralized approach ensures solvency through automated liquidations and smart collateral management—making it a stablecoin system optimized for restaking ecosystems.