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
馃摚 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
Bribes for $LQTY Stakers: First Proposals Emerge
Two protocols have submitted the first proposals to compete for $BOLD emissions through PIL, with $LQTY stakers as decision makers: - **SmarDex** introduces $USDN: A yield-generating synthetic dollar backed by delta-neutral ETH longs on their perp DEX - **Ekubo Protocol** presents an AMM with super-concentrated liquidity features Voting hasn't started yet but proposals are expected to be finalized soon. This follows the recent launch of the bribing system where 20K $BOLD is allocated weekly for V2 ecosystem expansion. [Learn more about SmarDex](https://shorturl.at/S9ePk) [Learn more about Ekubo](https://shorturl.at/DyaAh)
Liquity V2 Introduces Flexible Interest Rate Management
Liquity V2 now offers users two options for managing loan interest rates: - Self-management of rates directly - Delegation to third-party services like Summerstone This follows recent updates including: - Partnership with 15+ friendly forks - New V2 Leaderboard tracking user activity - Revenue sharing model: * Stability Providers: 75% of interest + liquidation gains + fork rewards * Liquidity Providers: 25% of interest + swap fees + fork rewards Current borrow rates range from 0.5% - 1.4%, among the lowest in DeFi. The platform supports ETH and LST collateral types including wstETH and rETH.
Asymmetry Finance Launches as Fourth Liquity V2 Fork
Asymmetry Finance, the latest Liquity V2 fork, is now live on Mainnet. Key features include: - Borrowing $USDaf against BTC variants ($cbBTC, $WBTC) - Support for yield-bearing stables - User-customizable interest rates - Immutable protocol design This marks the fourth fork in the BOLD summer series, following successful launches on Swell Network and Scroll_ZKP. Users can earn points by utilizing $USDaf across DeFi platforms. [Check out Asymmetry Finance](https://asymmetry.fi)
DeFi Saver Launches Rate Discovery Tool
DeFi Saver has introduced a new Discovery page that allows users to compare lending and borrowing rates across different DeFi protocols. The tool provides: - Real-time visibility of best borrow rates in DeFi - Comparison features for Liquity V2 rates - Easy-to-use interface for rate discovery This new feature helps users optimize their DeFi strategies by finding the most competitive rates available in the market. Visit [DeFi Saver's Discovery page](https://app.defisaver.com/discover) to explore current rates.
Liquity V2 and BOLD Token Now Listed on Major DeFi Platforms
Liquity V2 and its native token $BOLD have achieved integration with three major DeFi platforms: - DeFi Llama - CoinGecko - DeBankDeFi This follows the recent testnet launch featuring enhanced capabilities: - ETH collateral staking - Flexible BOLD borrowing rates - Position management tools - Multiple Stability Pool yield options *Key resources:* [Liquity V2 Features Overview](http://www.liquity.org/blog/liquity-v2-testnet-is-live-on-sepolia) [Getting Started Guide](http://www.liquity.org/blog/using-liquity-v2-on-testnet)