Bi-Weekly Wrap Up #25

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 2/14/22 – 3/6/22.

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

During the last three weeks, ETH has continued to stay volatile by drawing down from ~$3,000 to as low as ~$2,350. In correlation, the LUSD supply has followed the trend with ~75m LUSD minted and ~100m LUSD burned over 21 days.

Disregarding the recent market conditions, Liquity has hit another milestone — 4 billion LUSD has been minted since launch!

For LQTY stakers, LUSD being minted is good news since they receive 100% of protocol revenue. Over the last three weeks, the LQTY staking APR has ranged from 20% - 40%.

Integrations

PowerPool gave a presentation for the LUSD StableSwap Pool on Balancer. Watch it here.
LUSD is now supported on Celer’s cBridge. This allows users to bridge their LUSD to Avalanche, Fantom, and BNB. Use it here.
ICYMI: LUSD now has a Pair Reactor on Tokemak. This allows users to provide IL-free, single-sided liquidity. Read the tutorial here and use it here.

Content

Nikola from DeFi Saver posted a Twitter thread highlighting Liquity’s key mechanisms. View the tweet here.
Our COO, Michael, joined Insight DeFi to talk about Liquity and its use cases. Listen here.
I published a blog post that highlights how the Stability Pool acts as a liquidity reserve and the available arbitrage opportunity for depositors. Read it here.
Michael joined ITSA for a discussion about DAOs. Watch it here.

Liquity Resources:

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