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Bi-Weekly Wrap Up #26

Bi-Weekly Wrap Up #26

Derrick Nguyen

March 28, 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 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.


  • 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


  • 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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