Liquity — Weekly Wrap Up #3

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 4/26–5/2.

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

This series originally started in our Discord, but after receiving community feedback we’ve decided to share it broadly. Weekly Wrap Up is a more frequent compliment to our monthly newsletter — subscribe to that here.

System Overview

Liquity now has 1.2M ETH locked — $3.7B as of 5/3.
The system’s Total Collateral Ratio (TCR) is >250% due to ETH’s recent price rise — keeping it well away from Recovery Mode.
There are 14 days left and ~441,506 LQTY remaining of the LUSD/ETH LP rewards on Uniswap as of this writing.
Find more stats here.

Integrations

We released Liquity’s new Frontend Design Kit. It includes wireframes, a component suite, and more.
Liquity can now be accessed directly through Gnosis Safe.
A crvLUSD Yearn Vault is now live. The underlying strategy deposits to the LUSD / 3Pool on Curve, earns LQTY and CRV rewards, and recycles those rewards in to more crvLUSD.
LUSD and LQTY listed on Poloniex exchange.
[Discussion] Liquity LUSD/mUSD fPool. mStable governance has opened up a discussion to add an mUSD/LUSD feeder pool to mStable.
The LUSD / 3Pool on Curve is now earning CRV rewards (and LQTY rewards) — receiving a 5.64% gauge weight.
The Wasabix LUSD strategy is now live. The waLUSD strategy enables users to stake LUSD to mint waLUSD, which can then be staked into a pool to mine WASABI, the staked LUSD is then added into the Stability Pool to earn LQTY.

Content

Liquity Co-founder and Lead Engineer, Rick Pardoe, wrote a detailed blog post describing Liquity’s dual-oracle design — Price Oracles in Liquity.
Liquity Founder and CEO, Robert Lauko, presented at the Odaily online conference on April 27. You can watch a replay of his talk here — skip to 26:34 of the video.
We hosted an episode of Gauntlet’s DeFi Gamma Leaks series on our YouTube channel last week. Both Robert and Rick were joined by Tarun Chitra, Alex Hevans, and Guille Angeris to discuss all things Liquity. Watch it here.
Robert, Rick, and I (Kolten), joined last week’s Tellor Community Call to talk about launch, Liquity’s oracle design, and how Tellor is used in Liquity. Watch it here.
Paul Veradittakit wrote an interesting newsletter unpacking how Liquity can offer such low collateralization ratios and a 0% interest rate without sacrificing the protocol’s systemic resilience to shocks. Read it here.
Liquity: A Better Alternative to MakerDAO for Collateralized Loans.
“Liquity is prob the most interesting protocol to launch this year…”

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