Liquity v2 Whitepaper Release

Liquity V2 successfully handled another liquidation event, processing approximately $300,000 in liquidations, primarily in ETH. **Key Performance Metrics:** - ETH Stability Pool depositors earned ~0.30% ROI on their BOLD deposits - Annualized return of 110% APR - BOLD stablecoin maintained its $1 peg throughout the event **Technical Achievement:** The entire process was executed through immutable smart contracts, demonstrating the protocol's reliability and decentralization. This marks another successful stress test for Liquity V2, following a previous event in October 2025 where the protocol processed $3.4 million in liquidations with similar stability. The results highlight the potential returns for users who deposit BOLD in the protocol's Stability Pools during market volatility.

**The Challenge of Decentralized Finance** A critical perspective from Stacy Muur highlights a fundamental contradiction in Ethereum's DeFi ecosystem: true censorship resistance cannot exist when the primary stablecoins remain subject to centralized freezing mechanisms. **BOLD's Approach** - Earned an **A- rating** from Bluechip with perfect 1.0 decentralization scores - 100% backed by staked ETH with immutable, unstoppable protocol design - No admin keys, governance, or ability to freeze user funds - Passes Vitalik Buterin's five critical tests for decentralized systems **Key Distinction** The analysis emphasizes that crypto-backed stablecoins fundamentally differ from bank-backed alternatives, even when ratings appear similar. Technical implementation determines whether money can truly be censorship-resistant. [Read full analysis](http://www.liquity.org/blog/bold-receives-a--rating-from-bluechip) | [Get BOLD](https://liquity.app/borrow)

A new development in decentralized systems has been announced, marking what appears to be a significant milestone in trustless technology implementation. **Key Points:** - The announcement centers on "The Trustless Force" - a concept or platform focused on removing intermediaries from financial or technical processes - This follows previous discussions on frictionless finance from September 2025 - The timing suggests a coordinated launch or major update to existing infrastructure The development represents continued progress in building systems that operate without requiring trust in centralized authorities or intermediaries. [Watch the announcement](https://x.com/i/broadcasts/1kvKpMvzXnZGE)

Pendle has launched a new sBOLD pool expiring at the end of June 2026, offering three distinct opportunities for participants: **Key Features:** - **PT holders** can lock in a fixed 6.5% APR - **YT buyers** gain exposure to potential Liquity forks airdrops - **LP providers** can supply liquidity and earn fees The pool provides structured yield options for different risk profiles while maintaining exposure to the Liquity ecosystem.

**Curve Finance liquidity providers are currently earning over 8.5% in points** from various fork airdrops, according to Liquity. **Key earning opportunities:** - Multiple DeFi protocols offering fork rewards - Incentivized pools with double-digit APRs - Active pools include Asymmetry Finance, Felix Protocol, Bera Borrow, and Orki Finance **Market dynamics:** - Redemptions have dropped sharply as demand for BOLD rises - Liquity V2 remains 23% cheaper than other DeFi borrowing venues - Fork rewards driving increased liquidity provision The earning opportunities span multiple chains and protocols, with more launches expected from Nerite, Ebisu Finance, and Soneta. [Learn more about yields](https://www.liquity.org/earn)