Bribes for $LQTY Stakers: First Proposals Emerge
Bribes for $LQTY Stakers: First Proposals Emerge
🤑 Bribe Wars Begin
Two protocols have submitted the first proposals to compete for $BOLD emissions through PIL, with $LQTY stakers as decision makers:
- SmarDex: Introduced $USDN, a yield-generating synthetic dollar backed by delta-neutral ETH longs on their perp DEX
- EkuboProtocol: Presents an AMM protocol featuring super-concentrated liquidity
Voting hasn't started yet but proposals are expected to be finalized soon. This follows the recent activation of the bribing mechanism, which allocates 20K $BOLD weekly for V2 ecosystem expansion.
BOLD DeFi Integration Update
BOLD's DeFi presence continues to expand with 8+ yield-generating venues after 37 days since launch. Key opportunities include: - **Yield-bearing tokens**: sBOLD (K3 Capital) & yBOLD (Yearn) - **Yield tokenization** via Pendle & Spectra Finance - **Money market** integration on Euler Finance - **LP opportunities** on Curve, Ekubo, Aerodrome, Velodrome, and Balancer Users can earn double-digit yields while maintaining eligibility for rewards from 20+ friendly forks. The Fork Reward Leaderboard tracks contributions across multiple venues including Curve pools, Stability Pools, and yield-bearing positions. [Check your rank on the leaderboard](https://dune.com/liquity/v2-leaderboard)
Saga to Launch Sovereign Liquity V2 Instance in Q3
Saga (@Sagaxyz__) announces plans to implement a sovereign instance of Liquity V2, expanding the protocol's reach. Key features include: - Multiple collateral options: BTC, ETH, and SAGA tokens - Customizable interest rates for users - Yield-generating stablecoin - Additional collateral types planned This follows similar implementations like Quill Finance on Scroll, which launched with ETH, wstETH, weETH, and SCR as collateral options. The launch is scheduled for Q3 2025.
Curve Finance Opens Voting for BOLD x fxUSD Pool Gauge Allocation
Curve Finance has initiated a new governance vote for gauge allocation concerning the BOLD x fxUSD pool. This follows previous successful gauge implementations for BOLD/USDC and BOLD/LUSD pools, which already receive CRV rewards. Key points: - New voting round specifically for BOLD x fxUSD pool gauge - Previous BOLD pools attracted ~770k veCRV votes - Existing pools continue receiving PIL rewards - Community participation crucial for gauge allocation Vote now at [Curve Finance DAO](https://www.curve.finance/dao/ethereum/proposals/1122-ownership/)
Protocol Incentivized Liquidity (PIL) Updates and Voting Changes
**Key Updates for LQTY Voters:** - EkuboProtocol has initiated a new voting initiative with active bribing program - Voters need to migrate their votes to the new initiative (marked with 🟩) - EkuboProtocol secured 4.39% of last epoch's votes, earning 1,500 BOLD in PIL rewards - Protocol commits to 11 weeks of incentives to establish BOLD trading presence **Important Reminders:** - Voting power increases over time - No lockup or withdrawal penalties - V2 contract deposits required for voting Track distributions: [Dune Dashboard](https://dune.com/liquity/protocol-incentivized-liquidity) View proposals: [Liquity Forum](https://voting.liquity.org/)
sBOLD Launch Brings Enhanced Yield and Airdrop Exposure
sBOLD, a new yield-bearing token, has launched on Spectra Finance with several key features: - Offers leveraged exposure to 20+ potential airdrops - Provides ~7% stablecoin base rate - Can be used as collateral on Euler Finance - Supports borrowing with up to 92.5% LTV (95% LLTV) - Auto-compounds BOLD yield - Audited by Chain Security and Dedaub The token enables users to earn protocol yield while borrowing, and can be integrated across DeFi platforms and money markets. Users can deposit sBOLD (earning 6%) and borrow USDC at 4.7% rates for additional leverage opportunities.