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Liquity Goes Live on Ethereum Mainnet

After a year and a half of research and development, we are proud to announce that Liquity has been deployed to Ethereum mainnet and is now live!

  • A list of Liquity’s contract addresses can be found here.
  • Technical papers, economic models and simulations, and audit reports can be found here.
  • Liquity’s open source code base can be found here.

LUSD token address: 0x5f98805A4E8be255a32880FDeC7F6728C6568bA0

LQTY token address: 0x6DEA81C8171D0bA574754EF6F8b412F2Ed88c54D

How can I use Liquity?

Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against ETH used as collateral. Loans are paid out in LUSD — a USD pegged stablecoin, and need to maintain a minimum collateral ratio of only 110%.

Users can also deposit LUSD to the Stability Pool in order to earn ETH and LQTY rewards. LUSD balances in the Stability Pool will decrease over time as liquidations occur. In return, the protocol will provide users with a pro rata share of liquidated ETH along with LQTY rewards.

Lastly, LQTY holders can stake their tokens to earn a share of borrowing / redemption fees charged by the protocol. These fees are distributed to the staking contract by the protocol and accrue in the form of ETH and LUSD.

If you wish to use Liquity, you must do so through a third party Frontend Operator. Liquity AG does not host a frontend or product for accessing the Liquity protocol. Instead, Frontend Operators provide a web interface to the end-user, connecting them to the Liquity protocol and receiving LQTY rewards in return.

  • There is a list of frontends available here and here
  • Users may also host their own frontend locally using the Launch Kit available here.
  • Please exercise caution when choosing a frontend. If something looks too good to be true, it most certainly is.

Liquity AG has not entered into any form of cooperation with Frontend Operators. The list of Frontend Operators is provided for informational purposes only.

LQTY Incentives

For detailed information regarding LQTY, read our docs and our blog post detailing LQTY’s allocations and distribution.

As mentioned above, LQTY is the secondary token issued by the Liquity protocol. It captures the fee revenue that is generated by the system (via staking) and incentivizes early adopters and Frontend Operators. LQTY rewards will only accrue to Stability Providers — i.e. users who deposit LUSD to the Stability Pool, Frontend Operators who facilitate those deposits, and liquidity providers of the LUSD:ETH Uniswap pool (over 6 weeks). All of these opportunities are now live.

As technical rewards, LQTY are based on a preprogrammed functionality of the protocol and not on a claim towards Liquity AG or any third party.

Join the Community

Over the past several months, we’ve had a vibrant community form around Liquity. Users have opened thousands of Troves across Liquity’s test net deployments, we have an active Discord of over 2,000 members, and an active Chinese-speaking Telegram group with over 500 members. We’ve also had numerous ecosystem participants commit to running a Liquity frontend, contributing to Liquity’s decentralization and robustness.

We can’t thank you all enough for the support and feedback as Liquity has made its way through various phases of its development cycle. If you aren’t already, we’d love for you to be a part of the Liquity ecosystem as we look towards the future:

  • Join our Discord here.
  • Join the Chinese-speaking Telegram here.
  • Keep up with us on Twitter.
  • Sign up for the Liquity monthly newsletter here.

Stay liquid,
Robert and the Liquity Team

Decentralized Borrowing Protocol

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Robert Lauko

Robert Lauko

Founder of Liquity (decentralized borrowing)

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