Liquity Protocol Introducing New Stablecoin Resistant to Deppegging Trends
Liquity Protocol Introducing New Stablecoin Resistant to Deppegging Trends
Liquity Protocol is set to launch a new stablecoin featuring user-set interest rates to resist depegging trends caused by Ethena's Anchoresque yield. The stablecoin offers a market-driven monetary policy, which is faster than governance, adaptive to any condition, fully on-chain, and individualized.
Right now every #stablecoin and their mom are depegging. Why? Because of Ethena's Anchoresque yield. Mint and dump is the name of the game. You know which stablecoin will be resistant to that? The new one from @LiquityProtocol, because of user-set interest rates. It will
📣 Ethena's sUSDe will drive up onchain borrowing rates to meteoric heights, just as what a strong 5% Dai Savings Rate (DSR) did in Aug 2023. After the DSR hike, the adjacent borrow rates on Aave-v3 rose by a relative ~80-100% over the following two months. I got lucky and
🎣 BOLD Pool Launches
A new **BOLD stablecoin pool** has launched on Curve Finance, offering liquidity providers attractive yield opportunities. **Key Details:** - Quad pool includes USDFI, USDaf, ebUSD, and BOLD tokens - Available on Ethereum mainnet - **Up to 74% APR** for liquidity depositors **How to Participate:** - Access the pool directly on [Curve Finance](https://www.curve.finance/dex/ethereum/pools/factory-stable-ng-564/withdraw) - Boost yields through [Stake DAO](https://www.stakedao.org/yield?search=lqtyforks) - Choose your preferred frontend at [Liquity](https://www.liquity.org/frontend-v2) This follows previous BOLD yield opportunities, including a quad pool with fxUSD/USDC/USDaf/BOLD that offered around 40% APR. *Consider the risks before providing liquidity to any DeFi protocol.*
🐻 BOLD Yields Drop
**BOLD stablecoin yields on Berachain have decreased significantly** from 282% to 30% APY within a week. Liquidity providers can still earn **30% APY** on the BOLD/NECT/HONEY stable pool through [BeraBorrow](https://app.beraborrow.com/vault/deposit/bex-NECT-BOLD-HONEY). **Key benefits:** - Auto-compounded yields - Additional Infrared Finance points - Stable asset exposure across three tokens The dramatic yield reduction suggests either increased liquidity or reduced reward emissions as the initial "fork rewards season" momentum cools down.
🗳️ LQTY Stakers Vote
LQTY stakers can now vote on a new Merkl PIL initiative to provide **BOLD rewards** for Uniswap V4 liquidity providers. The proposal targets a BOLD/USDC pool on Uniswap V4 with specific reward distribution: - 75% for fees - 20% for BOLD liquidity - 5% for USDC liquidity The initiative aims to: - Boost BOLD demand - Strengthen the peg - Reduce slippage This will test how Uniswap performs against other DEXs like Curve, Ekubo, and Gyroscope. **Time-sensitive**: Only downvotes will be possible starting tomorrow. [Vote now](https://liquity.app/stake/voting)
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.
BOLD & sBOLD Collateral Features on Euler Finance
**Key Features of BOLD & sBOLD Collateral:** - Earn protocol yield while borrowing with sBOLD - Gain multiplied exposure to potential airdrops - Access high LTV ratios up to 92.5% (LLTV 95%) **Additional Benefits:** - Auto-compounding ETH rewards via yBOLD - Exposure to 15+ Liquity fork rewards through Stability Pool - Integration with platforms like Spectra Finance and Pendle for PT/YT trading **How to Get Started:** Visit [Euler Finance](https://app.euler.finance/?market=k3-liquity-hub&network=ethereum) to use BOLD & sBOLD as collateral