Liquity — Weekly Wrap Up #5

Kolten Bergeron

May 17, 2021

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 5/10–5/16.

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

With the recent ETH price drops causing a decrease in TVL, LUSD supply has stayed relatively stable (1.48B) as Liquity’s borrowers remained risk-off during the ETH price rise.
Liquity has 953.8K ETH locked — $3.37B as of 5/17.

Heading into 5/17, Liquity had its largest set of redemptions totaling over $5M — generating ~12.6 ETH in fees for LQTY stakers. These redemptions have pushed the borrowing fee to ~0.69%. More on redemptions here.
Find more system stats here.

Integrations

The Liquity Dune Analytics dashboard is one of the most popular on Dune.
Liquity is now supported on Token Terminal.
Pickle Finance launched a new LUSD Jar in collaboration with Yearn. Under the hood it uses the crvLUSD Yearn Vault and adds additional PICKLE rewards. More info here.
Should DeFi Saver add Liquity support? 👀

Content

Liquity’s CEO and Founder, Robert Lauko, participated in the DeFi Pulse series, Founder Fireside Chats, where he answered a few questions about Liquity and the crypto space more broadly. Read it here.
Last week, Robert and I joined DeFi Slate to cover the basics of Liquity and how to use it. Watch Tap in Tuesday here.
One of Liquity’s earliest investors, Tomahawk.VC, released the second episode of their behind the scenes look at Liquity’s launch — LIQUITY’S LAUNCH ON ETHEREUM [VC Diaries #3: Part Two of the Liquity Launch].
Community moderator, Derrick, created a diagram illustrating how Wasabix Finance’s LUSD strategy works. View it here.
Community member, Adam Maj, wrote a piece describing the many ways users can interact with Liquity while explaining potential risks. Read it here.
Last week, TokenBrice released the DeFi money markets cookbook. This article explains and illustrates some strategies to take advantage of, including a Liquity strategy. Read it here.

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