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Liquity — Weekly Wrap Up #10
June 21, 2021
Welcome to the Weekly Wrap Up, a weekly series where I go over all of the highlights in the Liquity ecosystem. This issue covers the week of 6/14–6/20.
What is Liquity? Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral. Learn more.
Full Liquity support has been added to Token Terminal — allowing users to track key protocol metrics like revenue, TVL, borrowing volume, and more. In the image above, you can see cumulative protocol revenue overlaid with TVL since launch.
With ETH dropping ~20% in the past week, conditions haven’t been favorable for borrowers. More LUSD has been burned (through repayments and redemptions) than has been minted recently; flipping a trend from previous weeks.
Support for Liquity on DeFi Saver is now live! The release 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). Here’s an example migration:
Pickle Finance’s symbiotic LQTY Jar is almost ready. The Jar will stake LQTY and compound the LUSD and ETH rewards in to more LQTY for stakers. Info here.