Liquity
Interest-free borrowing on #ETH. Home to #LUSD - the unstoppable stablecoin.
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Yesterday’s issue with the Stability Pools (“Earn”) on Liquity V2 has been confirmed.
Users are strongly advised to close their Stability Pool (“Earn”) positions in Liquity V2. To the team’s knowledge, no users have been impacted and the issue is isolated to the Stability Pool (“Earn”).
All other parts of the system are unaffected (“Borrow”, “Multiply” and “Stake”) and BOLD remains fully backed and redeemable.
The Liquity V2 protocol will be redeployed with a patch.
We will update via our official channels (Discord, Twitter) next week.
Users are strongly advised to close their Stability Pool (“Earn”) positions in Liquity V2. To the team’s knowledge, no users have been impacted and the issue is isolated to the Stability Pool (“Earn”).
All other parts of the system are unaffected (“Borrow”, “Multiply” and “Stake”) and BOLD remains fully backed and redeemable.
The Liquity V2 protocol will be redeployed with a patch.
We will update via our official channels (Discord, Twitter) next week.
Yesterday’s issue with the Stability Pools (“Earn”) on Liquity V2 has been confirmed.
Users are strongly advised to close their Stability Pool (“Earn”) positions in Liquity V2.
To the team’s knowledge this issue has not been exploited, no users have been impacted and the issue is isolated to the Stability Pool (“Earn”). All other parts of the system are unaffected (“Borrow”, “Multiply” and “Stake”) and BOLD remains fully backed and redeemable.
The Liquity V2 protocol will be redeployed with a patch.
We will update via our official channels (Discord, Twitter) next week.
Users are strongly advised to close their Stability Pool (“Earn”) positions in Liquity V2.
To the team’s knowledge this issue has not been exploited, no users have been impacted and the issue is isolated to the Stability Pool (“Earn”). All other parts of the system are unaffected (“Borrow”, “Multiply” and “Stake”) and BOLD remains fully backed and redeemable.
The Liquity V2 protocol will be redeployed with a patch.
We will update via our official channels (Discord, Twitter) next week.
The Liquity team was informed of a potential issue affecting Liquity V2 Stability Pools (“Earn”), and is currently investigating a potential impact.
The team is currently working on confirming this potential issue and solutions. The protocol continues to work as expected and to the team’s knowledge the potential issue has not impacted any users.
Out of an abundance of caution, a Liquity V2 user should close their Stability Pool (“Earn”) positions.
Based on the current understanding, the following parts of the system aren’t affected:
- BOLD remains fully backed and redeemable
- Borrowers can withdraw their collateral assets
- Staked LQTY positions are not impacted
We will keep you updated via only our official channels (Discord announcements and Twitter).
The team is currently working on confirming this potential issue and solutions. The protocol continues to work as expected and to the team’s knowledge the potential issue has not impacted any users.
Out of an abundance of caution, a Liquity V2 user should close their Stability Pool (“Earn”) positions.
Based on the current understanding, the following parts of the system aren’t affected:
- BOLD remains fully backed and redeemable
- Borrowers can withdraw their collateral assets
- Staked LQTY positions are not impacted
We will keep you updated via only our official channels (Discord announcements and Twitter).
January Community Rewards 🚨
If you've contributed to raising awareness about Liquity, make sure to submit your claim here: https://forms.gle/XAv3uX31ugiLo8SJ7
If you've contributed to raising awareness about Liquity, make sure to submit your claim here: https://forms.gle/XAv3uX31ugiLo8SJ7
get paid to borrow 🔷
Liquity V2 currently offers the lowest average borrowing rates for ETH, rETH, and wstETH
borrow on your own terms.
Liquity V2 currently offers the lowest average borrowing rates for ETH, rETH, and wstETH
borrow on your own terms.
We are live to talk all things Liquity V2!
Bribing is LIVE!
Currently, 20K $BOLD per week is allocated to expand the V2 ecosystem.
If you're setting up a pool with BOLD or planning another integration, apply to receive them.
You can also submit bribes to LQTY voters.
More info:
Currently, 20K $BOLD per week is allocated to expand the V2 ecosystem.
If you're setting up a pool with BOLD or planning another integration, apply to receive them.
You can also submit bribes to LQTY voters.
More info:
PIL Funds put to Good Use
In the first two weeks of PIL, 45,000 BOLD have been allocated to various initiatives.
The majority has gone to the @CurveFinance pools, with a significant portion also allocated to @DeFiCollective_.
The ants have made good use of the funds on @VelodromeFi, boosting the $BOLD APRs to 60%!
If you want to receive BOLD incentives too, know that
bribing is now live and active.
Learn more about the process here:
In the first two weeks of PIL, 45,000 BOLD have been allocated to various initiatives.
The majority has gone to the @CurveFinance pools, with a significant portion also allocated to @DeFiCollective_.
The ants have made good use of the funds on @VelodromeFi, boosting the $BOLD APRs to 60%!
If you want to receive BOLD incentives too, know that
bribing is now live and active.
Learn more about the process here:
25% of Liquity V2 revenues go to various protocol incentivized liquidity (PIL) initiatives each week.
This week saw a 142% increase from Week 1!
Onwards.
This week saw a 142% increase from Week 1!
Onwards.
Starting tomorrow, BOLD / USDC and BOLD / LUSD pools on @CurveFinance will be eligible for CRV rewards
There are already ~770k veCRV votes allocated to the BOLD/USDC pool.
This is on top of the PIL rewards that the pools receive!
Vote here:
https://curve.fi/dao/#/ethereum/gauges
There are already ~770k veCRV votes allocated to the BOLD/USDC pool.
This is on top of the PIL rewards that the pools receive!
Vote here:
https://curve.fi/dao/#/ethereum/gauges
Bribe Mechanics in V2
PIL introduces a novel, sustainable incentive model to DeFi.
Read how LQTY stakers can help shape the economic growth of Liquity V2.
PIL introduces a novel, sustainable incentive model to DeFi.
Read how LQTY stakers can help shape the economic growth of Liquity V2.
Onwards!
Last night saw 47 $ETH and 336 $wstETH worth of liquidations on Liquity V2.
Stability Pool depositors got to 'buy the dip' on both, along with earning the interest paid by borrowers in $BOLD!
The Stability Pools rewards APRs reflect this 👀
Stability Pool depositors got to 'buy the dip' on both, along with earning the interest paid by borrowers in $BOLD!
The Stability Pools rewards APRs reflect this 👀
Last night saw 47 $ETH and 336 $wstETH worth of liquidations on Liquity V2.
Stability Pool depositors got to 'buy the dip' on both, along with earning the interest paid by borrowers in $BOLD!
The Stability Pools rewards APRs reflect this 👀
There is no second best risk free yield.
Stability Pool depositors got to 'buy the dip' on both, along with earning the interest paid by borrowers in $BOLD!
The Stability Pools rewards APRs reflect this 👀
There is no second best risk free yield.
Real yield with Liquity's Stability Pools 💡
Last night saw 47 $ETH and 336 $wstETH worth of liquidations on Liquity V2.
SP depositors got to buy both collaterals at a discount!
Averaging:
ETH @ $2,338 ✅
wstETH @ $2,685 🔷
This is on top of the fixed 75% fees in $BOLD!
Last night saw 47 $ETH and 336 $wstETH worth of liquidations on Liquity V2.
SP depositors got to buy both collaterals at a discount!
Averaging:
ETH @ $2,338 ✅
wstETH @ $2,685 🔷
This is on top of the fixed 75% fees in $BOLD!
First liquidations of Liquity V2
Liquity V2 processed roughly ~$1m worth of liquidations earlier today (roughly 374 ETH) between the ETH & wstETH borrow markets.
A reminder that Stability Pool $BOLD depositors receive a portion of these liquidation gains, along with the 75% fixed enshrinement of fees in BOLD!
Real yield.
Liquity V2 processed roughly ~$1m worth of liquidations earlier today (roughly 374 ETH) between the ETH & wstETH borrow markets.
A reminder that Stability Pool $BOLD depositors receive a portion of these liquidation gains, along with the 75% fixed enshrinement of fees in BOLD!
Real yield.
On Day 10, $BOLD hits $30m supply
Onwards
Onwards
BOLD Becomes Top 50 Stablecoin
Just 9 days after launch, BOLD enters the Top 50.
This is proof of V2's product-market fit, achieved with zero token incentives.
Onwards!
Just 9 days after launch, BOLD enters the Top 50.
This is proof of V2's product-market fit, achieved with zero token incentives.
Onwards!
gm
A reminder that $BOLD can be bridged to various L2s via @chainlink CCIP.
Liquidity provisioning opportunities for both are available on @base and @Optimism on:
1) @VelodromeFi
2) @AerodromeFi
Liquidity provisioning opportunities for both are available on @base and @Optimism on:
1) @VelodromeFi
2) @AerodromeFi
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