Optimism Ecosystem Update: New Liquidity Pools on Velodrome

Nerite, an Arbitrum-native fork of Liquity V2, announces its upcoming launch with several key features: - Borrow USDN using ETH, ARB, LSTs, and LRTs as collateral - Users can set custom interest rates - Native USDN streaming via Superfluid integration - ARB collateral remains eligible for delegation - Early participants can earn $NERI points through minting, staking, or providing liquidity This launch is part of a broader trend of Liquity V2 forks going live in April, including Felix Protocol on Hyperliquid and DeFiDollar on Mainnet. Learn more: [Nerite Website](https://www.nerite.org/)

The ongoing Liquity V2 audit competition on Cantina has attracted 733 security researchers, making it one of the largest competitions to date. The competition runs through April 27th, 2025, with researchers reporting challenges in analyzing the V2 codebase. Key points: - Total prize pool: $350,000 - Duration: March 21 - April 27, 2025 - Regular Liquity Bug Bounty program suspended during competition - All findings must be submitted via Cantina platform [View competition details](https://cantina.xyz/competitions/d86632df-ab33-4448-8198-64955eae6712) Researchers interested in participating still have time to join and analyze the protocol for potential vulnerabilities.

Liquity has launched its V2 audit competition on Cantina, offering security researchers rewards from a $350,000 prize pool. The competition runs from March 21 to April 27, 2025. Key details: - Regular bug bounty program suspended during competition period - All findings must be submitted through Cantina platform - Competition focuses on deployment-ready codebase - Part of Q2 2025 mainnet redeployment timeline The audit competition adds extra security scrutiny before V2's immutable deployment. Teams forking Liquity V2 can proceed independently once the patched codebase is public, with access to competition results. [View competition details](https://cantina.xyz/competitions/d86632df-ab33-4448-8198-64955eae6712)

Liquity introduces Earn, a new DeFi product designed to mirror the stability of U.S. Treasury Bills without traditional finance dependencies. Key features: - Stable, secure on-chain asset - Minimal counterparty risk - Full fund custody - Sustainable yield generation The product addresses common DeFi challenges like volatile rates and counterparty risks in tokenized treasuries. Users can deposit $BOLD to access what Liquity positions as DeFi's equivalent to T-Bills. Liquity V2's architecture ensures all protocol revenue from borrower interest flows back to grow the $BOLD stablecoin, creating a self-sustaining yield mechanism.

Liquity has released initial audit reports for their V2 codebase, which will power the upcoming $BOLD token. Key developments include: - Dedaub completed multiple reviews of both codebase and logic - Certora conducted formal verification - Upcoming reports expected from Coinspect and Reconx - Additional audits from ChainSecurity and Dedaub focused on $LQTY voting module The comprehensive security review involves multiple respected firms in the space, demonstrating a thorough approach to code validation before launch.