Liquity — Weekly Wrap Up #10

Welcome to the Weekly Wrap Up, a weekly series where I go over all of the highlights in the Liquity ecosystem. This issue covers the week of 6/14–6/20.

What is Liquity? Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral. Learn more.

System Overview

Full Liquity support has been added to Token Terminal — allowing users to track key protocol metrics like revenue, TVL, borrowing volume, and more. In the image above, you can see cumulative protocol revenue overlaid with TVL since launch.

With ETH dropping ~20% in the past week, conditions haven’t been favorable for borrowers. More LUSD has been burned (through repayments and redemptions) than has been minted recently; flipping a trend from previous weeks.
Liquity has 989K ETH locked — $1.93B as of 6/21.
Find more system stats here.

Integrations

Support for Liquity on DeFi Saver is now live! The release includes a dedicated Liquity dashboard with Boost and Repay options along with Recipe Creator support for building custom sets of interactions (e.g. migrating from Maker, Aave, or Compound to Liquity in one transaction). Here’s an example migration:

Pickle Finance’s symbiotic LQTY Jar is almost ready. The Jar will stake LQTY and compound the LUSD and ETH rewards in to more LQTY for stakers. Info here.
A proposal to whitelist LQTY on Bancor is expected to go live on Snapshot for voting today. If approved, a new BNT / LQTY pool will be launched with impermanent loss protection. Keep an eye out for the vote here.

Content

Liquity CEO and Founder, Robert Lauko, will be be speaking on the Liquidity Wars: How to Enable Better Capital Efficiency in DeFi panel at the Global DeFi Summit on June 24. Sign up here.
Hack Money 2021 by ETHGlobal started last week! To kick things off I hosted an Introduction to Liquity workshop — watch it here.
Last week I also published Liquity Sponsors #HackMoney2021, which covers our prizes for Hack Money and provides some inspiration around project ideas — read it here.
DeFi Safety posted an overall “safety review” of Liquity — scoring us with an 84%, which means we received high marks across the board. Read the report here.

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