Oops! Something went wrong while submitting the form. Please try to use this form to sign up.
Liquity — Weekly Wrap Up #8
June 7, 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 5/31–6/6.
What is Liquity? Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral. Learn more.
As highlighted last week, the number of Troves continues to climb as more users get comfortable with ETH’s market conditions. In last week’s Weekly Wrap Up, there were ~677 Troves and at time of writing there are just over 800 Troves — an 18.75% increase in borrowers since last week.
This trend also matches what we’re seeing in the Maker ecosystem. Though recently, total Troves opened each day has usually been greater than total ETH-denominated Maker Vaults opened each day.
The LUSD mint / burn trend is also continuing from last week — meaning much more LUSD is being minted (i.e. borrowed) than is being burned (i.e. paid off, liquidated, or redeemed) each day.
LQTY rewards for the LUSD 3Pool ended last week, but liquidity and volume were largely unaffected. This is a good sign for LUSD’s market maturity. CRV rewards will continue for the pool, though a final decision hasn’t been made for additional LQTY rewards.
We are officially a sponsor of ETHGlobal’s upcoming HackMoney event! If you’ve ever wanted to build on top of Liquity and get rewarded for it — now’s your chance. Apply to participate before the June 14 deadline here.
There’s no other big integrations news from last week, but we did win the DeFi Saver integration poll on Twitter — so keep an eye out for that in the near future.
I published the Liquity newsletter for May 2021 where I covered the latest highlights in the Liquity ecosystem. Read it here.
Glassnode released a newsletter titled, Defi Uncovered: Experimental Lending Platforms, where they introduced Liquity and how it works. Read it here.
The Defiant released a tutorial covering how to take out an interest free loan using Liquity. Watch it here.
DeFi Llama published DeFi Deep Dive #7: Liquity, where they covered Liquity, how it works, and how it handled the 5/19 crash. Read it here.
Community member, Ramaruro, wrote a short Twitter thread describing how Recovery Mode works with visuals. Find it here.