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.