Liquity

**BOLD Stability Pools** from Liquity V2 are delivering a 7% APR yield with a unique risk profile that sets them apart from traditional DeFi offerings. **Key Features:** - Fully onchain and verifiable yields - No leverage or duration risk - Zero counterparty risk - No TradFi dependencies - No centralized issuer This positions BOLD as a distinct alternative to T-bill wrappers and other DeFi yield products that typically carry additional risk vectors. The Stability Pool mechanism provides transparent, sustainable returns without relying on traditional financial infrastructure or centralized entities. For users seeking stable yields with minimal trust assumptions, BOLD presents a compelling option in the current DeFi landscape.

Frankencoin (ZCHF) has formalized its partnership with Mt Pelerin, a Swiss crypto service provider, enabling seamless integration between both platforms. **Key Features:** - Users can now buy ZCHF on Ethereum through Mt Pelerin - Direct swapping with other supported cryptocurrencies - Cash-out functionality to bank accounts in fiat - 3% interest rate offered on ZCHF holdings The integration represents a practical step forward for Swiss franc-backed stablecoins in the crypto ecosystem, providing users with straightforward on/off-ramp services. [Full proposal details](https://github.com/Frankencoin-ZCHF/Frankencoin/discussions/94) [Learn more about the integration](https://www.mtpelerin.com/blog/zchf-frankencoin-now-live-in-our-service)

**Frankencoin is adding BOLD and ysyBOLD as collateral options**, unlocking access to Liquity V2's ~$120M TVL user base. **Key benefits of BOLD integration:** - No freeze function or blacklist - Permissionless mint/redeem capabilities - ETH-native backing - Yield-bearing nature (ysyBOLD) This move strengthens Frankencoin's alignment with Ethereum-first principles while providing users with a robust, yield-bearing collateral alternative. The integration represents a strategic expansion of collateral options for the protocol.

Yearn Finance has introduced **ysyBOLD**, a new product that brings yield generation to Liquity V2 collateral. **Key Features:** - Auto-compounds Liquity V2 yield at approximately 6% APR - Transforms idle collateral into a productive, yield-bearing asset - Enhances capital efficiency without adding operational complexity - Available through DeFi Saver integration The product continuously optimizes earnings across Liquity V2's Stability Pools, automatically reinvesting returns. This development marks a significant improvement in DeFi capital efficiency, allowing users to earn passive income on their collateral while maintaining their positions. ysyBOLD can be accessed directly through [DeFi Saver's platform](https://app.defisaver.com/liquityV2/smart-wallet/eth/staking/ybold).

Frankencoin is integrating BOLD and ysyBOLD as collateral for minting ZCHF. The decision centers on several key features: **Security Features:** - No freeze function or blacklist capabilities - No upgrade or pause functions - Permissionless mint and redeem functionality **Technical Advantages:** - ETH-native backing provides stability - ysyBOLD offers yield-bearing properties - Users can redeem BOLD at $1 for ETH collateral anytime The integration positions BOLD as a censorship-resistant stablecoin option within the Frankencoin ecosystem.

The CLARITY Act, pushed by banking lobbyists, prohibits stablecoin issuers from paying yield on deposits. However, Liquity's BOLD stablecoin may have found a loophole. **Key Points:** - Banking lobby successfully banned yield-bearing stablecoins - CLARITY Act targets centralized issuers - **BOLD has no central issuer** - every user mints their own stablecoin - This decentralized structure may allow BOLD to offer yield while remaining compliant **The Irony:** The banking industry's regulatory push may have inadvertently created a competitive advantage for truly decentralized protocols like Liquity, while hampering centralized competitors. **Context:** This follows months of debate between crypto firms (Coinbase, Circle, Ripple) and traditional banks over stablecoin yield. Similar restrictions exist in the EU under MiCA and in the UAE.

**Pharos Watch has released safety scores** to help users monitor stablecoin risks across multiple chains. The platform addresses a critical gap for DeFi users managing assets across 10+ chains who lack visibility into their stablecoin safety. Previously highlighted by Octav, the need for comprehensive risk monitoring has become increasingly important. **Key features include:** - Peg health monitoring - Real-time depeg alerts - Risk scores and ratings - Liquidity depth analysis - Centralization grades **Unified dashboard** consolidates data from all connected wallets and stablecoins into a single view, making it easier to track exposure across the multi-chain ecosystem. The tool aims to provide transparency for users farming, bridging, and providing liquidity across various networks. [View Safety Scores](https://pharos.watch/safety-scores/)

**Liquity V2 now offers ETH borrowing at just 0.5% APR** - the cheapest leverage available on Ethereum Mainnet for bullish ETH holders. **Key advantages:** - Zero redemption risk on the ETH branch - Stability Pool funds exceed total debt - BOLD stablecoin trading slightly above peg ($1.005), making redemptions unprofitable - Up to 91% LTV for ETH collateral **How it compares:** - 365-day average rate: 2% below competitors - Rates never spike above 6% - Near-zero correlation with major lending markets like Aave and Morpho - Fixed interest rates available **Example use case:** Deposit 100 ETH ($230k), borrow 230k BOLD at 0.5% (~1,150 BOLD/year), buy another 100 ETH for 2x exposure. With BOLD at $1.005, you save ~1,150 BOLD upfront - covering a full year of interest. Treasuries can borrow against ETH without selling, maintaining exposure while raising runway at predictable, low rates. [Start borrowing on Liquity V2](https://liquity.app/borrow)

**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.