According to Odaily, Liquity executive Colin Platt announced that the company is approximately two months away from launching its new stablecoin, BOLD. This new stablecoin aims to address some of the issues that led to the significant decline of LUSD over the past year and will grant the community a small degree of control.
BOLD will feature borrower-selected interest rates instead of the one-time fee used by its predecessor. Additionally, it will accept staked Ether as collateral. Liquity also plans to allow selected developers to 'copy' BOLD's code, with the hope that affiliated tokens will gain market share on Layer 2 blockchains handling an increasing number of Ethereum-based transactions.
