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Bi-Weekly Wrap Up #24

Bi-Weekly Wrap Up #24

Derrick Nguyen

February 14, 2022

Welcome to the Bi-Weekly Wrap Up, a bi-weekly series where we go over all of the highlights within the Liquity ecosystem. This issue covers 1/31/22 – 2/13/22.

What is Liquity? Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral. Learn more.

System Overview

https://dune.xyz/dani/Liquity
  • What a start to 2022! After a few months of consistent volatility, it seems the decline in the number of Troves has finally stagnated after dropping from ~1300 Troves to ~1000 Troves. This could be a sign that users expect the market to calm down as borrowers are more willing to keep their Troves open.
https://dune.xyz/dani/Liquity
  • Over the past two weeks, the Total Collateral Ratio has bounced back up to ~230%, meaning the system is much healthier compared to a few weeks ago at ~175%. For the unaware: Recovery Mode gets triggered when the TCR is below 150%.

Integrations

  • PowerPool announced an LUSD StableSwap Pool on Balancer. Once live, it will contribute funds to the Stability Pool and LUSD liquidity. More details here
  • B.Protocol updated their Stability Pool integration to increase the speed of rebalances. More details here
  • Solace Finance now offers insurance for Liquity users. Read the announcement here
  • We are now a part of MAMA Global, a multichain asset management association. View the announcement here

Content

  • I published a guide for the LUSD Pair Reactor on Tokemak. It covers Tokemak’s goal of creating sustainable liquidity, the mechanisms in action, and how to use it. Read it here
  • Ryan Carson created a spreadsheet that helps users manage their Troves. Use it here.
  • Liquity was featured in Our Network Issue #108. Read the newsletter here
  • Michael, our COO, joined CV Labs and other Swiss leaders to discuss DeFi for retail and institutions. Listen here.

Liquity Resources:

Website | Twitter | Discord | Telegram | Github | Reddit | LiquityCN