Hey everybody! Liquity V2 right here.
We launched on Ethereum Mainnet on in Q2 2025, and have racked up $150m in TVL and $39m in BOLD provide.
You may know us from Liquity V1 and LUSD (the OG venue for 0% curiosity loans).
With V2, we really feel we've created the final word borrowing and incomes venue for customers who worth full management.
Liquity V2 is an immutable borrowing protocol (suppose MakerDAO, however with no governance to vary the foundations), the place you may deposit ETH, wstETH, and rETH to mint the stablecoin, $BOLD. BOLD is barely backed by stated property, and the protocol is totally immutable.
We constructed Liquity V2 to unravel two particular issues, providing distinctive worth to the r/Ethereum group:
1) The Borrow Facet: You set the speed. Liquity V2 is the one venue the place you may borrow towards your ETH/LSTs and set your individual rate of interest (or delegate it to a price supervisor).
This had led to borrowing charges for ETH, wstETH, and rETH on common to be the most cost effective on Liquity V2 during the last 6 months – a full 2% cheaper than the competitors.
2) The Yield Facet: Actual Income, Not Emissions We created $BOLD to be the toughest stablecoin in DeFi that has sustainable financial savings inbuilt. Not like different stablecoins, 100% of borrower revenues are diverted in direction of rising $BOLD yield. The yield is cut up 75/25 to 2 particular venues sources:
75% of curiosity charges to the Stablity Swimming pools: 75% of all curiosity paid by debtors of ETH, wstETH, and rETH flows on to their respective Stability Swimming pools. The Stability Swimming pools additionally enable depositors to seize ETH and LST liquidation positive factors at a reduction. 25% of Curiosity Charges stream into rising BOLD liquidity on DEXes: Every week, roughly ~12k of protocol revenues are diverted into venues like Uniswap and Curve. This helps increase and enshrine liquidity for BOLD on blue-chip venues.
Based mostly on present charges, right here is how one can seize that yield, with comparatively low danger:
If you would like publicity to some ETH together with borrower charges:
Stability Pool (~6% APY): The "set and overlook" venue. You earn the 75% borrower curiosity cut up (paid in BOLD) + Liquidation positive factors (paid in ETH/LSTs).
If you would like pure dollar-dominated yield, the place ETH liquidation positive factors get auto-compounded
yBOLD by way of Yearn (~7% APY): Yearn’s auto-compounding vault that optimizes for one of the best yields throughout the three Stability Swimming pools. sBOLD by way of K3 Capital (~6.5% APY): An auto-compounding vault that additionally sells off liquidation ETH positive factors for extra BOLD. It has a hard and fast 60-30-10 cut up between the wstETH, ETH, and rETH Stability Swimming pools.
If you wish to present liquidity on a blue-chip DEX, whereas having balanced publicity to BOLD & USDC.
Uniswap LP BOLD ><USDC (~7% APY) Curve LP BOLD >< USDC (~8% APY)
BOLD yield alternatives
Forkonomics and the way it provides to yield.
Liquity has taken a licensing strategy to scaling. 10 groups have forked Liquity V2 code throughout varied ecosystems, and as part of their licensing price, they must allocate ~3% of their token provide to Liquity Mainnet customers.
These forks are allocating provide designated in direction of rewarding lively BOLD liquidity suppliers on Mainnet (Stability Pool holders, LP suppliers on Curve & Uniswap, and so on).
On prime of the natural yield above, we count on ~6 pleasant forks offering airdrops over the following 6-9 months.
The Influence: The primary fork airdrop simply went dwell, and it successfully added ~3% APR to the present TVL sitting in these venues (eg. when you had been incomes 9% on Curve, you're incomes 12% now) The Alternative: By holding BOLD positions on Mainnet, you might be farming yield for protocols launching throughout the L2 ecosystem concurrently
Security and Safety of Liquity V2 and BOLD.
No yield is secure with out addressing how the strong the stablecoin is.
Bluechip, a stablecoin rankings company, simply rated BOLD an A-. This can be a greater ranking than USDC and DAI, furthering proof of
The Rating: BOLD obtained good 1.0 scores in Administration, Decentralization, and Governance. The Distinction: BOLD is presently the one A- rated stablecoin with 100% crypto-native backing (no banks, no RWAs). Why? The protocol is immutable. Liquity can’t change the foundations, rug the collateral, or blacklist addresses.
BOLD ranking.
You possibly can learn extra on Bluechip's A- ranking on BOLD right here:
Some helpful assets on stats round Liquity V2, and yield alternatives:
Borrow on Liquity V2 as we speak: Yield venues with hyperlinks included: YouTube Playlist on Liquity V2:
Completely satisfied to reply any and all questions 🙂
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