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Liquity Newsletter — November 2021

Liquity Newsletter — November 2021

Kolten Bergeron

December 1, 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, join the community Discord, and follow our Telegram channel to stay up to date.

If you’d like these sent directly to your inbox, sign up for the mailing list here.

Protocol Overview

https://dune.xyz/dani/Liquity
  • In last month’s newsletter, we covered how the OlympusDAO collaboration made LUSD’s utilization more diverse than ever. We recently had two more major projects enter the mix: Fei Protocol and Synthetix. At time of writing, they have accumulated a combined ~125m LUSD! While Fei has hit their target of 100m LUSD, Synthetix can take on ~25m more LUSD before they reach their cap. More details below on how Synthetix is using LUSD.
https://dune.xyz/dani/Liquity
  • Throughout November, > 250m LUSD was minted — making November one of Liquity’s most explosive growth periods. LUSD’s total supply is now at an all-time-high of ~930m since the 5/19 Flash Crash, with 1b in sight as we head towards the end of the year.
https://dune.xyz/dani/Liquity
  • Due to the recent increase in LUSD demand and borrowing activity, Liquity generated ~$2.5m in revenue for LQTY stakers this past month and we’ve hit $25m in total revenue since launch! 
https://dune.xyz/dani/Liquity
  • Speaking of revenue for Liquity users: Dani, our Dune wizard and developer, added historical APR data for the Stability Pool and LQTY staking to the main dashboard here

Integration Updates

  • Visor Finance launched a Hypervisor for the LQTY-ETH pair on Uniswap V3. This gives LPs access to a hands-off, optimized LP position. Announcement here
  • Coinbase Custody now supports deposits and withdrawals for LQTY. Learn more here
  • LUSD has been added to Tetranode’s Locker (Fuse Pool 6) and ChainLinkGod’s / Tetranode’s Up Only (Fuse Pool 7) on Rari Capital. Use it here
  • Synthetix’s LUSD/sUSD wrapper contract is now live, which means LUSD can be used to mint sUSD on Optimism. Guide here
  • Fei Protocol’s proposal to acquire $100M LUSD through a Balancer auction passed and is now complete. Balancer Pool here
  • DeFi Saver overhauled their Loan Shifter, making it easier for their users to move loans between Liquity and other supported protocols. More info here
  • We posted a proposal to add an LUSD market on Compound. Read and discuss here
  • Community contributor, Ramaruro, posted a proposal on Abracadabra’s forum to use B.Protocol Stability Pool deposits as collateral. Read and discuss here
  • APY.Finance has integrated Liquity and users can now deposit to get exposure to their Curve LUSD+3Pool strategy. Learn more here.

Content Updates

  • Derrick published a tutorial for using LQTY on Visor Finance. Read it here
  • Our Co-Founder, Rick, and Head of Growth, Kolten, joined Chainlink’s Tech Talk on Thursday, Oct. 28. Watch the discussion here
  • On Thursday, Nov. 4, members from OlympusDAO joined us on Liquity Live for a discussion about OHM, why they like LUSD, and more. Watch it here
  • On Thursday, Nov. 11, members from Visor Finance joined us on Liquity Live for a discussion about Uniswap V3, their Hypervisor product, the LQTY-ETH Hypervisor, and more. Watch it here
  • On Monday, Nov. 15, I joined the Agora Podcast to discuss all things Liquity and OlympusDAO. Listen here
  • Joey, Founder of Fei Protocol, tweeted a thread on our plans to innovate the Liquity Fuse Pool on Rari Capital. Thread here.
  • Another awesome person took out a loan using Liquity to buy a car. View the tweet here.
  • TokenBrice wrote an in-depth blog post covering Liquity and its ecosystem in French (EN version soon). Share the tweet here and read the blog here

Liquity Resources:

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