ETH’s recent price rise has continued to push the Total Collateral Ratio (TCR) of the system upward — now at ~295%. This also has the knock-on effect of enabling borrows to get more LUSD for their ETH.
There are 7 days left and ~219,594 LQTY remaining of the LUSD/ETH LP rewards on Uniswap V2 as of this writing.
Over the past week or so LUSD has hovered slightly below peg, opening up arbitrage opportunities through redemptions. If you want to avoid being affected by redemptions, read Understanding Liquity’s Redemption Mechanism.