Hey everyone! Welcome to our monthly newsletter where we share updates regarding Liquity and our ecosystem on a regular cadence.
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Development Updates
🚀 Liquity is now live on Ethereum main net!
As of yesterday (4/5), users can borrow LUSD against their ETH, deposit LUSD to the Stability Pool, earn LQTY rewards, stake LQTY, and stake Uniswap LUSD:ETH LP tokens to earn LQTY.
Find the full launch announcement here.
Before interacting with Liquity, please catch up by reading our FAQ and familiarizing yourself with a third party frontend — there’s some already listed on the liquity.org frontend registry. The list of Frontend Operators is provided for informational purposes only. Neither is the list conclusive, nor has Liquity AG conducted any due diligence on these operators.
It’s been a long road towards launch and we couldn’t be more excited to get Liquity into the hands of users and builders alike. I don’t want to spend too much time rehashing our launch announcement , so I’ll move on to the rest of the updates!
Series A Fundraise
On 3/29 we announced our $6M Series A fundraise led by Pantera Capital with follow on investments from Nima Capital, Alameda Research, Greenfield.one, IOSG, AngelDAO, and others.
We also received backing from an amazing group of angels including Bo Shen, Meltem Demirors, David Hoffmann, Calvin Liu, George Lambeth, and many more. Lastly, we’d like to thank and recognize Tomahawk.VC, 1kx, and Lemniscap for their continued support during this round.
Ecosystem / Content Update
- Liquity Launch Details: In this blog post, I cover some of Liquity’s pre-launch details along with LQTY allocations and distribution.
- Coinspect Audit Report: On 3/30, Coinspect published a report that covered their findings from our final pre-launch audit.
- How Liquity Replaces Floating Interest Rates: In this blog post, I describe how Liquity replaces floating interest rates with a one time fee — allowing users to know their cost to borrow upfront.
- Liquity GR9 Hackathon Winners: In March, we sponsored the Gitcoin Grants R9 Hackathon where we ended up rewarding three bounties; an LUSD arbitrage bot, a Maker to Liquity migration tool, and a shared Trove implementation— make sure to check them out!
- Liquity — The Decentralized Borrowing Protocol: Robert Lauko and I joined the Epicenter podcast to discuss Liquity, the mechanisms behind the protocol, and more.
- The Block: DeFi lending protocol startup Liquity raises $6 million in Series A round
- Cointelegraph: Pantera Capital backs Liquity Protocol’s $6M Series A funding round
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