We’re excited to announce that we’re sponsoring ETHGlobal’s Hack Money 2021 event taking place June 18th—July 9th! The application deadline has been extended to June 17th, apply here. Interest-free Borrowing Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against ETH used as collateral. …

Opening a Trove and borrowing LUSD can be stressful, but it doesn’t have to be! In this guide, I’ll be going over the basics of Trove management including what to keep an eye on, the risks, and how to protect yourself from those risks. Opening a Trove Our community moderator, Derrick, has already…

On 5/19/2021, Liquity faced its first big stress test as the ETH price dropped (rather quickly) from ~$3,400 to ~$1,800 on some exchanges. In this post, I’ll provide a brief recap of what happened. Market Turmoil First things first, Liquity handled today’s extreme market conditions as designed. As ETH’s price plummeted, we…

Since launch, LUSD deposited to Liquity’s Stability Pool has continued to grow — recently crossing 1.1B deposited. As a result, we want new users and our community to fully understand the mechanisms at play. In this post, I’ll be going over the basics of the Stability Pool, how it works…

After launch, one common source of confusion we’ve seen is around Liquity’s redemption mechanism. Since LUSD redemptions were deactivated for 14 days post-launch, it seems like a good time to fill everyone in as we near the end of the grace period. Before we get started, I’ll answer the most…

We are excited to announce that Liquity is now consuming the Chainlink ETH/USD Price Oracle on mainnet. This integration enables Liquity to fetch the most current ETH/USD price data as needed for core protocol functions such as opening Troves, triggering liquidations, or redeeming LUSD. …

Last month we sponsored the Gitcoin Grants Round 9 hackathon where we made three bounties available with 4.8 ETH in prizes: Redemption Arbitrage Bot Maker to Liquity Migration Tool Open ended: Best Liquity Tool / Integration Today, we’re excited to announce the winners of each bounty! Redemption Arbitrage Bot The winner of the…

Info on Liquity’s upcoming launch. — TLDR; Liquity’s launch date is set for April 5, 2021. Our Ethereum deployment address is 0xa850535D3628CD4dFEB528dC85cfA93051Ff2984. Deployments from any other address should be deemed invalid — do not interact with them. LQTY rewards will be live at launch. There will be 100,000,000 LQTY tokens. …

Floating (i.e. variable) interest rates have become commonplace in the DeFi ecosystem for both borrowers and lenders. For the unfamiliar: Floating interest rates are interest rates that fluctuate due to market dynamics. Often times a protocol’s interest rate is managed algorithmically or through governance vote. In this post I want…