Liquity — Weekly Wrap Up #11

Element launching with crvLUSD support, LQTY/BNT pair whitelisted on Bancor, symbiotic Pickle Jar, and more.

Kolten
Kolten
Jun 28 · 2 min read

Welcome to the Weekly Wrap Up, a weekly series where I go over all of the highlights in the Liquity ecosystem. This issue covers the week of 6/21–6/27.

What is Liquity? Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral. Learn more.

System Overview

  • The ETH/USD price last week was quite stale, thus we had a relatively uneventful week in the world of leverage seeking on Liquity. That said, on most days more LUSD was minted than burned (June 22 being an outlier).
  • Since LQTY’s Bancor whitelisting, the pool has started to grow in liquidity and volume — reaching just over $270k in liquidity at time of writing.

Integrations

  • Element Finance will be launching June 30 with initial support for crvLUSD. Element Finance is a decentralized protocol that allows users to earn fixed rate yield. Learn more here.

Content

Liquity

Decentralized Borrowing Protocol