Three Sigma Analyzes V2 Codebase

Ekubo Protocol has launched a new V3 'boosted' BOLD/USDC liquidity pool offering **34.55% APR**. **Key Details:** - Ekubo is redirecting Liquity's Protocol Incentive Liquidity (PIL) to this new pool - Active liquidity providers who maintain in-range positions receive boosted swap fees - In-range LPs earn a larger share of total fees compared to passive providers **Broader Liquity Ecosystem Yields:** - Multiple BOLD/USDC pools across Ethereum offering 13%+ APR - Stability Pool depositors recently earned up to 192% annualized returns during liquidation events - sBOLD/yBOLD yield-bearing LP positions available on Pendle and Spectra The high yields come as Liquity V2 continues processing liquidations successfully while maintaining BOLD's $1 peg. The protocol distributes 75% of borrower fees to Stability Pool depositors, with recent volatility creating significant opportunities for active participants. [Learn more about the boosted pool](https://app.ekubo.org)

Liquity has made deposit venues available for its V2 ecosystem. Users can access eligible venues through a Dune Analytics dashboard. **Key Details:** - Deposit functionality is now live for Liquity V2 - Dashboard provides overview of ecosystem venues - Access available at [Dune Analytics](https://dune.com/liquity/liquity-v2-ecosystem) This continues the rollout of Liquity's second version, with deposit venues being made accessible to users.

Liquity has shared a Dune Analytics dashboard for monitoring collateral ratio (CR) distributions across different branches in their V2 system. **Key Features:** - Track CR ratios across multiple branches - View debt distribution by interest rates - Compare managed vs. manual loans - Analyze different collateral types (ETH, rETH) **Notable Observations:** - ETH shows wide, even distribution with a wall at 1.6% - rETH displays clustering in narrow ranges Access the dashboard: [dune.com/liquity/liquity-v2](https://dune.com/liquity/liquity-v2) This tool provides transparency for users to monitor system health and make informed decisions about their positions.

Liquity V2's ETH branch has activated Safety Mode as its collateral ratio dropped to 148%, just below the 150% threshold. **What Safety Mode Does:** - Restricts actions that would lower the collateral ratio - Allows users to open, close, and adjust Troves - Permits adding collateral and repaying debt - Enables interest rate adjustments (if >7 days since last change) **Restricted Actions:** - Withdrawing collateral - Borrowing new BOLD - Premature interest rate adjustments (<7 days) **Current Collateral Ratios:** - ETH Branch: 148% (150% Safety Mode threshold) - wstETH Branch: 246% (160% threshold) - rETH Branch: 198% (160% threshold) The mechanism helps maintain system stability during market downturns by ensuring the protocol remains overcollateralized. [Learn more about Safety Mode](https://www.liquity.org/blog/liquity-v2-safety-mode)

Liquity V2's Stability Pools provide a low-maintenance yield opportunity for DeFi users seeking steady returns. **Key Features:** - Earn approximately 8% APR without weekly monitoring - Functions as a DeFi savings account - Designed for passive income generation The platform positions itself as a lower-risk alternative in the DeFi lending space, emphasizing stability and ease of use. Users can deposit funds and earn yield without active management. **Additional Context:** - Liquity borrowers save around 2% compared to other platforms - Volatility remains below industry averages - Option to delegate to rate managers for optimized returns For users tired of constant portfolio adjustments, Liquity's Stability Pools offer a set-and-forget approach to earning yield in decentralized finance.