Update on Liquity Protocol Redemptions

**Why BOLD and LUSD rank highly on Bluechip's stablecoin framework:** - **No administrators or management** - protocols operate autonomously - **Code-enforced rules** - no human discretion or intervention - **Immutable smart contracts** - backed by Ethereum's native security **BOLD's key features:** - 100% backed by staked ETH - Collateral never lent out - withdrawals always available - Immutable and unstoppable operation - Decentralized and value-aligned **Passes Vitalik Buterin's security tests:** 1. **Walkway test** - Functions without team dependency 2. **Insider attack test** - Credibly neutral, no special privileges 3. **Trusted computing base** - Public, immutable code with minimal trust assumptions 4. **Admin keys** - None exist 5. **Governance attacks** - No governance to manipulate Only dependencies: [Chainlink](https://chain.link) oracle and LSTs from [Lido](https://lido.fi) and [Rocket Pool](https://rocketpool.net)

**LQTY has earned a perfect 13/13 score** on Aragon's Open Token Framework (OTF), which evaluates token fundamentals and economic rights. **What this perfect score means:** - Clear and enforceable revenue claims for holders - Fully circulating supply with no locked tokens - Complete control by token holders, not centralized labs - Full transparency with all operations on-chain The OTF framework helps investors evaluate tokens based on fundamentals rather than narrative. LQTY joins other established DeFi tokens like UNI, AAVE, SKY, LDO, and CRV in demonstrating strong tokenomics. Most Liquity Protocol contracts are immutable, including revenue routing, with LQTY holders directing emissions. [Learn more about the framework](https://otf.aragon.org/)

Liquity V2 has introduced a new borrowing structure featuring three completely isolated markets, each supporting a single collateral type. **Key Features:** - **Three separate markets:** ETH, wstETH (1% borrow rate), and rETH - **Zero contagion risk:** Each market operates independently with no shared pools - **Fixed interest rates:** Predictable borrowing costs across all markets - **No governance or admin keys:** Immutable protocol design The architecture ensures that risks remain isolated to individual collateral types, eliminating cross-contamination between markets. This design contrasts with traditional DeFi lending protocols that pool multiple assets together. Users can now borrow against their preferred liquid staking derivative or native ETH without exposure to risks from other collateral types in the system.

**BOLD stablecoin has secured an A- rating from Bluechip**, making it the only crypto-native stablecoin to achieve an A-tier rating. This places BOLD above established competitors like USDC and DAI, which both received B+ ratings. **Key highlights:** - First crypto-native stablecoin with A-tier rating - Rated higher than USDC (B+) and DAI (B+) - Cannot be frozen, unlike centralized alternatives The rating reflects BOLD's strong fundamentals and decentralized architecture. Users can access BOLD through [Liquity's platform](https://liquity.app/borrow) or purchase it via [DeFi aggregators](https://swap.defillama.com/). View the full Bluechip rating analysis at [bluechip.org](https://bluechip.org/en/coins/bold) and read the detailed breakdown at [Liquity's blog](http://www.liquity.org/blog/bold-receives-a--rating-from-bluechip).

Liquity is calling for liquidity providers to support BOLD stablecoin across multiple decentralized venues. **Key Details:** - Protocol-incentivized liquidity program now active - Multiple venues available for BOLD liquidity provision - Track opportunities via [Dune Analytics dashboard](https://dune.com/liquity/protocol-incentivized-liquidity) **Available Venues Include:** - BOLD/USND on [Bunni](https://bunni.xyz/explore/pools/arbitrum/0x2edd6d9772510c6d661dae96ac65838fd18a535763aaed2b4d5311c87c1cdf95) - BOLD/USDQ on [Honeypop](https://honeypop.app/pools/45) - BOLD/USDFI on [Curve](https://www.curve.fi/dex/ethereum/pools/factory-stable-ng-524/deposit/) - BOLD/AXD on [Pharaoh Exchange](https://pharaoh.exchange/manage/v1/0x3fc764ae09eec2f54b1956febfeaa75d17a596bc) Liquidity providers can bridge BOLD to supported networks using [Transporter](https://www.transporter.io/). View the full [Liquity V2 ecosystem dashboard](https://dune.com/liquity/liquity-v2-ecosystem) for deposit venues.