After extensive research and development, we are thrilled to announce that Liquity V2 is now live on Ethereum Mainnet! This marks a watershed moment for both stablecoins and borrow markets in DeFi.
Liquity V2 will be unique among DeFi protocols:
- Borrowers set their own interest rates
- Users direct protocol revenues to stablecoin liquidity pools
- Stablecoin holders can redeem for protocol collateral
What makes V2 unique?
1) Borrow on Your Own Terms
Liquity V2 is built for free-market borrowing - no governance overhead or trusted intermediaries. You control your borrowing costs, and rates are entirely market driven by its redemption mechanism.
2) BOLD: A Dollar You Control
At the heart of V2 is BOLD, a stablecoin that is only backed by ETH, wstETH, and rETH. BOLD is immutable and unstoppable, meaning no one can alter the rules or freeze your assets. It delivers a truly DeFi dollar that is risk-minimized, while offering real yield to depositors.
3) 100% of Protocol Revenues Flow Back to Users
V2 skips the concept of a centralized treasury and sends 100% of its revenue straight to its users. This allows it to maintain a tight spread between borrowers and liquidity providers, maximizing earning opportunities within its ecosystem.
4) Friendly Forks: A Growing Universe
The Liquity V2 codebase is set to be deployed by over 15 other stablecoin issuers across different EVM chains and ecosystems over the coming quarter. Each have committed to rewarding early users of BOLD on mainnet, as well as to provide incentives for BOLD liquidity providers within their own liquidity campaigns. Every fork will detail its rewards program on their official channels, and these commitments will be tracked in Liquity V2’s Gitbook.
Please note that all incentives are managed and disbursed by the respective forking teams, and not by Liquity AG.
Key Details
$BOLD Stablecoin Address: 0xb01dd87B29d187F3E3a4Bf6cdAebfb97F3D9aB98
Liquity V2 Documentation and Resources: Website | Documentation | Codebase
What can you do with Liquity V2?
Borrow & Multiply
- Use ETH, rETH, and wstETH as collateral to borrow BOLD with flexible, user-set interest rates.
- Set Your Own Rate: Tailor your borrowing costs without reliance on DAOs or fixed models
- High Capital Efficiency: Borrow at up to 91% of your collateral’s value
- Redemption Control: Manage your redemption risk with adjustable interest rates
- Increase your exposure to ETH and its staking yield
Earn with BOLD
Deposit into one of the multiple Stability Pools to earn continuous yield from interest revenue that borrowers pay (in BOLD) as well as any liquidation gains (in (liquid staked) ETH).
Stake your LQTY
Stake your LQTY tokens to direct V2 revenues, as well as earn V1 fees. 25% of protocol revenue goes to support incentives for secondary BOLD liquidity.
Try it out and DYOR!
To understand the risks of Liquity V2, make sure to review the following carefully:
- Getting started with Liquity V2
- FAQ
- Risk Disclosure
- Technical Resources & Audits
- Protocol Disclaimer
We invite you to explore Liquity V2 on Ethereum Mainnet and join us in championing the free-market, immutable ethos of DeFi we wish to uphold.
Choose a community frontend to borrow on your own terms today.
