Liquity V2 Introduces $BOLD: A New Crypto-Native Stablecoin

馃殌 BOLD move in DeFi

By Liquity
Oct 10, 2024, 2:04 PM
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Liquity V2 has launched $BOLD, a new crypto-native stablecoin with unique features:

  • 24/7 Redemptions: Users can exchange $BOLD for underlying ETH at any time
  • Trustless System: No intermediaries or centralized control
  • No KYC Required: Maintains user privacy
  • High Liquidity: Matches the liquidity of its ETH collateral

Liquity aims to provide a stablecoin solution that aligns with DeFi principles, offering users a bold alternative in the cryptocurrency ecosystem.​

Key Takeaway: $BOLD represents a step towards more decentralized and accessible stablecoin options in the DeFi space.​

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gTrade Lists LQTY Token for Trading

**gTrade** has officially added **$LQTY** to its trading platform. The listing expands trading options for users of the decentralized derivatives platform. LQTY is the governance token for Liquity Protocol, a decentralized borrowing protocol. - Users can now trade LQTY perpetual contracts on gTrade - The addition follows gTrade's continued expansion of available trading pairs - LQTY holders gain access to leveraged trading opportunities This listing provides traders with new exposure to DeFi governance tokens through gTrade's perpetual futures interface.

馃嵈 Nine DeFi Venues Now Offering BOLD Fork Rewards

馃嵈 Nine DeFi Venues Now Offering BOLD Fork Rewards

**Nine protocols are now rewarding BOLD liquidity providers** across multiple chains through fork reward programs. **Participating venues include:** - Felix Protocol - Asymmetry Finance - Nerite - Bera Borrow - And five additional protocols Each venue is **allocating a percentage of their token supply** to incentivize BOLD-to-stablecoin liquidity pairs. **Key benefits:** - Cross-chain liquidity rewards - Dedicated LP incentives - Multiple earning opportunities This expansion builds on previous fork reward programs that have generated **APRs ranging from 68% to 3000%** across various protocols. [View all LP opportunities](https://www.liquity.org/forks)

BOLD Hits All-Time Highs as Liquity V2 Revenue Cycle Accelerates

BOLD Hits All-Time Highs as Liquity V2 Revenue Cycle Accelerates

**BOLD supply and TVL reach record levels**, driving protocol revenue higher in a self-reinforcing cycle. **Key metrics:** - 523K BOLD distributed through PIL program - $45K earned by LQTY stakers in bribes - Revenue growth fuels higher PIL rewards and bribes **The symbiotic system works:** As BOLD adoption increases, rewards grow for all participants. **For LQTY stakers:** Vote on liquidity allocation. New Uniswap v4 proposal aims to deepen liquidity pools. **For projects:** Propose initiatives to earn sustainable stablecoin rewards. **For borrowers:** Access DeFi's lowest borrowing rates. Check the [protocol dashboard](https://dune.com/liquity/protocol-incentivized-liquidity) for real-time metrics.

馃弳 September Community Rewards

馃弳 September Community Rewards

Liquity announced September Community Rewards for creators. **How to participate:** - Create unique content about V2 or $BOLD - Post in their Discord - Win rewards based on quality and reach The program values contributions highlighting Liquity V2's unique benefits and BOLD's advantages. Check [this week's winner](https://discord.com/channels/700620821198143498/1418719728352100493) for inspiration on successful submissions.

sBOLD Launch Brings Enhanced Yield and Airdrop Exposure

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.

DeFi