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Liquity

Liquity provides decentralized borrowing through immutable smart contracts, allowing users to mint stablecoins against crypto collateral.
Dufourstrasse 43, 8008 Zurich, Switzerland, Switzerland

Liquity V1


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Description

Liquity V1 implements zero-interest borrowing through immutable smart contracts, enabling users to mint LUSD against ETH collateral at 110% minimum ratio. Features include one-time borrowing fees, stability pool deposits earning liquidation gains and LQTY rewards, direct LUSD redemption for underlying ETH, and LQTY staking for protocol fee distribution. The protocol operates without governance, upgrades, or admin keys.

Category: Decentralised Borrowing & Lending

Liquity V2


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Description

Liquity V2 implements multi-collateral borrowing with user-set interest rates, enabling minting of BOLD stablecoins against WETH, wstETH, and rETH through isolated branch markets. Features include up to 91% LTV ratios, one-click leverage multiplication up to 11x, interest rate delegation to third parties, multiple troves per address, stability pool deposits earning 75% of protocol interest revenue plus liquidation gains, Protocol Incentivized Liquidity directing 25% of revenue to DEX incentives, LQTY staking for governance voting and dual V1 rewards, and redemption mechanism based on interest rates rather than LTV. The protocol maintains immutability while separating liquidation risk from redemption risk through adaptive user-controlled rates.

Category: Decentralised Borrowing & Lending
TVL: $133M


Chains:
Ethereum