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Liquity — Weekly Wrap Up #17

Liquity — Weekly Wrap Up #17

Derrick Nguyen

October 11, 2021

Welcome to the Weekly Wrap Up, a weekly series where we go over all of the highlights within the Liquity ecosystem. This issue covers the week of 10/4–10/11. 

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
  • Last month, we saw a sudden shift in market sentiment as ETH quickly went from ~$3900 to ~$2800 — this didn’t last long. ETH has already rallied back up to ~$3600 within the last 14 days, and yet another shift in market sentiment is taking shape as users are starting to borrow LUSD again.
  • Back in May Liquity hit its first all-time-high Troves count of 1,132. Shortly after that milestone was reached, the flash-crash on 5/19 and bearish market conditions wiped out a large amount of Troves. As you can see above, the Trove count has consistently grown since then and we’ve finally hit a new all-time-high at 1135 Troves! 🎉
  • Besides the good news on Liquity’s growth, the protocol and LUSD has gained relevance elsewhere: OlympusDAO. Around three weeks ago, LUSD bonds went live and have dominated their reserve bond volume since then — attracting $28M of LUSD in this short amount of time! This already accounts for 4.6% of the LUSD supply 👀
  • But the collaboration with OlympusDAO doesn’t stop there. On Oct. 6 we launched an incentivized LUSD / OHM pool (details below) that has quickly attracted almost $17M in liquidity. 


  • LUSD bonds are now live, which allows users to buy OHM at a discount with LUSD. Utilize bonds here
  • B.Protocol has launched additional BPRO liquidity mining incentives on top of their Stability Pool integration. Learn how to deposit here.
  • Hats Finance has launched a Liquity Vault, which offers a continuous bug bounty for Liquity. Learn more here
  • now offers insurance for Liquity users. Learn about it here
  • A co-incentivized LUSD/OHM Sushiswap pool is now live. Participants will earn LQTY, OHM, and MIST. Announcement here.


  • Last week I published a tutorial covering how to use the LUSD / OHM pool with Alchemist’s Crucible to earn rewards. Read it here
  • Liquity is now ranked in the top 5 by DeFi Safety, which is an independent ratings organization that evaluates the security of DeFi protocols. View the results here
  • AngelDAO posted a video that covers how to run a Liquity frontend with B.Protocol’s integration. Watch it here

Liquity Resources:

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