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 3/7/22 – 3/27/22.

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

• Over the last three weeks, the ETH price has finally seen an increase from ~$2,500 to ~$3,300. In correlation, the LUSD supply has also seen one of its first positive durations since the start of 2022 with ~23m LUSD being minted and ~17m LUSD being burned over the last 21 days. This is a good sign that borrowers are starting to get comfortable again with the current market.

• It’s also important that we highlight the recent change in LUSD utilization. Since January, LUSD has started to flood back into the Stabiltiy Pool — increasing its dominance to 72.5% of the LUSD supply. Recently, OlympusDAO followed this trend and made their long-awaited deposit as well (more details in a later section). 

• After being in a gradual downtrend since early last year, the total collateral ratio (TCR) has seen a significant increase over the last few weeks. This could be due to a combination of the rising ETH price and borrowers de-risking.

Integrations

• Tidal Finance now provides insurance for Liquity users. More details here. 
• KeeperDAO has acquired 5m LUSD and deposited into B.Protocol’s AMM. This adds another layer of protection against liquidations. More details here. 
• A BEAN/LUSD pool is now live on Curve. Once the pool reaches ~2M in liquidity, the Beanstalk community will vote to whitelist the LP tokens in the Silo. Users can add liquidity or trade here. 
• OlympusDAO has deposited ~23m LUSD into the Stability Pool. View the transaction here. 

Content

• Liquity’s score on DeFi Safety has increased. More details here.
• We’re now hiring for a Head of Growth! If you're interested in making DeFi’s most decentralized stablecoin a household name and bringing our next product ideas to market, apply here. 
• ICYMI: 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. 

Liquity Resources:

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