Liquity V2 is a decentralized borrowing protocol built on Ethereum that allows users to borrow against ETH and staked ETH with user-set interest rates, providing up to 91% loan-to-value (LTV). It addresses the need for flexible, interest-free borrowing options in the DeFi space while ensuring full control and predictability for users through an immutable on-chain system.
Funding
$8.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
In the DeFi space, users often face limitations in borrowing options against their crypto assets, particularly ETH and staked ETH, lacking the flexibility to set their own interest rates and manage their loan terms according to their preferences. Existing protocols may also lack predictability due to potential governance changes or surprise fees.
Solution
Liquity V2 is a decentralized borrowing protocol on Ethereum that empowers users to borrow against ETH and staked ETH with user-defined interest rates, achieving up to 91% loan-to-value (LTV). The protocol introduces BOLD, a USD stablecoin that can be minted against collateral. Liquity V2 prioritizes user control through an immutable, on-chain system, ensuring that users retain full control over their assets and can always withdraw their collateral. The protocol's design minimizes external dependencies, relying solely on collateral price oracles, and offers opportunities to earn yield by depositing BOLD in Stability Pools and staking LQTY.
Target Audience
The primary target audience includes DeFi users seeking flexible borrowing options against ETH and staked ETH, stablecoin holders looking for yield opportunities, and individuals interested in leveraging their ETH positions.
Features
- Borrowing against ETH and staked ETH (wstETH, rETH) with up to 91% LTV
- User-set interest rates for borrowing, providing control over borrowing costs
- Minting of BOLD, a USD stablecoin, against deposited collateral
- Immutable protocol design, ensuring predictability and preventing protocol changes
- Earning yield on Stability Pools by depositing BOLD
- Staking LQTY to direct protocol incentives and earn from Liquity V1
- Multi-collateral support, allowing borrowing against various staked ETH options