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Liquity — Weekly Wrap Up #7
May 31, 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 5/24–5/30.
What is Liquity? Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral. Learn more.
We’re starting to see an uptick in the number of open Troves — climbing from a recent low of ~495 Troves on 5/24 to ~677 Troves at time of writing. In that time frame the LUSD supply has grown from ~485M to ~719M.
Further highlighting the above point, it seems users are starting to get more comfortable with ETH’s market conditions and are continuing to borrow. More LUSD has been minted than burned over the last 6 out of 7 days.