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Liquity Newsletter — June 2021
July 12, 2021
Hey everyone! Welcome to our monthly newsletter where we share updates regarding Liquity and our ecosystem on a regular cadence.
If you haven’t already, be sure to follow us on Twitter and join the community Discord to stay up to date.
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Despite the choppy crypto market, Liquity’s TVL continued to grow at a steady pace through June — adding an additional ~67,000 ETH collateral and >150 new Troves.
In the May newsletter, protocol revenue was at ~$12.3M and has since crossed $12.9M, meaning ~$600k in revenue was distributed to LQTY stakers in June.
Speaking of revenue, Liquity frontends have generated over 55,000 LQTY (>$300,000) in revenue from Stability Providers since launch. In other words, $100,000 per month (at current prices) has been distributed to Frontend Operators via Liquity’s “kickback rate”.
In June 2021 we hired Derrick as our Community Manager. Derrick has been a community member and moderator since before the Liquity launch helping with support, community efforts, and various types of content.
With Derrick’s help, we’ll be able to increase the amount of community-oriented content we publish and expand our ecosystem efforts. We’re excited to have him on board full-time!
DeFi Saver added Liquity support. The integration includes a dedicated Liquity dashboard with Boost and Repay options along with Recipe Creator support for building custom sets of interactions (e.g. migrating from Maker, Aave, or Compound to Liquity in one transaction).