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Liquity — Weekly Wrap Up #20

Liquity — Weekly Wrap Up #20

Derrick Nguyen

November 22, 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 11/15–11/21. 

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
  • Despite last week’s market turbulence, Liquity users minted over 120M LUSD and pushed LUSD’s total supply to a six month high of 860M!
  • Last week’s spike in LUSD supply could be due to an increase in buy side demand from two new integrations: Fei Protocol’s Balancer auction to acquire 100M LUSD and the Synthetix LUSD/sUSD wrapper. At time of writing, both of these integrations have attracted a combined 64M LUSD — adding even more diversity to LUSD’s utilization chart. More details below.
  • In the last Weekly Wrap Up, we touched on the borrowing fee reaching its ceiling of 5%. Good news: the peg is restored, redemptions have slowed, and the fee has returned back to ~0.5%. Happy borrowing!


  • 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. 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.


  • 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, our Head of Growth, Kolten, 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

Liquity Resources:

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