Liquity is LIVE on Ethereum mainnet!
Bi-Weekly Wrap Up #25

Bi-Weekly Wrap Up #25

Derrick Nguyen

March 7, 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 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

https://dune.xyz/queries/479771
  • 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. 
https://dune.xyz/dani/Liquity
  • Disregarding the recent market conditions, Liquity has hit another milestone — 4 billion LUSD has been minted since launch!
https://dune.xyz/dani/Liquity
  • 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:

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