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Liquity — Weekly Wrap Up #9

Liquity — Weekly Wrap Up #9

Kolten Bergeron

June 14, 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 6/7–6/13.

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

  • The rate at which new Troves are opening slowed a bit last week — we saw a 5.5% increase in Troves compared to >18% increase the week before.
  • However, this seems to be a symptom of ETH’s price performance as a similar trend is reflected in new ETH denominated Maker Vaults (shown above), which is a good proxy for leverage seeking behavior in DeFi.
  • The LUSD 3Pool on Curve is becoming a popular place to park LUSD as >10% of the supply has made its way to the pool. Even more interesting, this growth came after the extra LQTY rewards were all used up. Total liquidity for the LUSD 3Pool has grown to >$230M.
  • Liquity has 972K ETH locked — $2.4B as of 6/14.
  • Find more system stats here.

Hack Money Reminder

  • Hackers: It’s your last chance to apply to participate in ETHGlobal’s HackMoney 2021 event before today’s deadline — apply here. We are sponsoring the event and will have $7,000 in LQTY rewards up for grabs. See you there!


  • CEO and Founder, Robert Lauko, will be speaking at the Global DeFi Summit on June 24. Get free tickets here.
  • Last week I published A Beginner’s Guide to Trove Management, which covers the basics of managing a Liquity Trove. Read it here.
  • DeFi Slate published a podcast with Robert and I where we discussed Liquity’s growth, the ETH flippening, the future of DeFi, and more. Listen here.
  • Community moderator, Derrick, posted part one of his series comparing key differences between Liquity and MakerDAO. Read it here.

Resources: Website | Twitter | Discord | Github | Reddit | Liquity 中文社區