liquity04
$LQTY
MCAP27.83M
+1.77%

what's liquity?

Liquity is a decentralized borrowing protocol on Ethereum that enables users to borrow against ETH and LST collateral with minimal collateral ratios and no governance or admin keys. In its V2 iteration, it introduces user-set interest rates for borrowing and the BOLD stablecoin, which is immutable, redeemable for $1 in collateral, and provides real yield from borrower interest without reliance on external factors like US Treasuries. The protocol emphasizes decentralization, with all rules enforced by immutable smart contracts, protecting users from censorship, blacklisting, or issuer risks. Revenue from borrowing fees is distributed to LQTY token stakers, and BOLD can be used across DeFi for liquidity provision and yield farming. Liquity V2 also supports cross-chain functionality for BOLD via Chainlink CCIP and integrates with various DEXs for incentivized liquidity.

Snapshot

Liquity gained $18M TVL, 48 BOLD holders, 15 borrowers, and integrated Yearn/Frankencoin.

contract

ethereum

arbitrum-one

5H ago
ONCHAIN METRICSOfficial

Achieved $3M increase in BOLD supply over a 30-day period ending on April 15, 2026.

ONCHAIN METRICSOfficial

Achieved $18M increase in TVL over a 30-day period ending on April 15, 2026.

ONCHAIN METRICSOfficial

Gained 48 new BOLD holders over a 30-day period ending on April 15, 2026.

ONCHAIN METRICSOfficial

Gained 15 new borrowers over a 30-day period ending on April 15, 2026.

1D ago
PARTNERSHIP

Enabled minting of Frankencoins using ysyBOLD, establishing integration with Yearn and Frankencoin.

1W ago
VISIBILITY EVENT

Participated in an in-person meeting with Aave, Spark, Fluid, Euler, Gearbox, Wildcat, Curve, Compound, and Ink during the week of March 31, 2026.

2W ago
PARTNERSHIPOfficial

Acquired by Circle to enable non-freezable stablecoin offerings and direct yield distribution under the Clarity Act.

PARTNERSHIPOfficial

Integrated BOLD token with Yodl payment service, enabling direct merchant payments without cards, custodians, or offramps in Argentina, Brazil, Philippines, and Vietnam.

3W ago
PARTNERSHIPOfficial

Launched Vyro Finance on Unichain, integrating Liquity Protocol as the base for vyUSD stablecoin, supporting ETH, UNI, and wstETH as collateral for borrowing vyUSD at fixed interest rates, with stability pools and Uniswap liquidity integration.

VISIBILITY EVENT

Participated as a featured protocol at Octav event during EthCC Cannes week of March 30, 2026, alongside DefiLlama.

PARTNERSHIP

Integrated with Yearn Finance, offering ysyBOLD vault with 5-7% auto-compounding yield. The vault reduces transaction sequence from 4 to 2 via a zap contract, deposits BOLD across 3 stability pools, and autocompounds ETH, wstETH, and rETH from liquidations.

1M ago
VISIBILITY EVENTOfficial

Received an A rating from Pharos Watch, ranked No. 1 out of 182 stablecoins for BOLD stablecoin based on resilience, decentralization, dependency risk, peg stability, and exit liquidity metrics.

ONCHAIN METRICS

Achieved 50K TVL for BOLD token on Privacy Pools protocol as of 2026-03-16.

ONCHAIN METRICSOfficial

Stability Pool funds on the ETH branch exceed total debt as of March 16, 2026.

TOKEN ECONOMICSOfficial

Distributes $63,000 in additional PIL rewards to LQTY stakers.

VISIBILITY EVENT

Participates in "DeFi in the Sky" event at EthCC[9] alongside Makina, Steakhouse, and Dialectic Group for discussions on onchain yield strategies and agent-driven execution.

ONCHAIN METRICS

sBOLD reached $9.04M TVL as of February 2026.

ONCHAIN METRICS

sBOLD delivered 10.54% APY over the 30-day period ending in February 2026, with yield derived from protocol revenues and liquidation proceeds.

ONCHAIN METRICS

Achieved an average borrow rate of 2.82% for ETH on V2 since launch, the lowest among comparable venues.

PARTNERSHIP

Integrated with Stone Vault's immutable stablecoin vault for LUSD routing across Aave, Spark, and Curve

UNCATEGORIZEDOfficial

Offers V2 yield strategy for BOLD stablecoin, backed exclusively by ETH, wstETH, or rETH collateral. Strategy features wstETH deposits (2.3% yield), BOLD borrowing (1.5% fixed rate) at 50% LTV using wstETH, 91% LTV for ETH, 83.33% LTV for wstETH and rETH, and BOLD/USDC liquidity on Uniswap (8% APR) for a 5.5% spread.

OPINION SPECULATIONOfficial

Offers borrowing against wstETH at 1.5% interest, rETH at 2.7% interest, and ETH at 0.5% interest on V2. Provides a 2x ETH exposure strategy by depositing ETH, borrowing BOLD at 0.5% APR, with BOLD trading above $1.00 peg.

TOKEN ECONOMICS

Borrowing against wstETH on Liquity V2 has a negative interest rate of approximately 1.6%.

TECH EVENT

Uses ERC-721 NFTs to represent "Trove" borrow positions, enabling these debt positions to be transferred and creating onchain debt markets.

WHALE ACTIVITY

Vitalik Buterin sold 19,268 ETH (worth $38.77 million at an average price of $2,012) over 23 days, converting them into multiple Ethereum DeFi stablecoins including USDtb, GHO, EURC, PYUSD, and LUSD.

VISIBILITY EVENT

Participates in Ethereum Foundation conversation on decentralized stablecoins 2026-02-27 with Curve, Protocol FX. Spoke at Stable Summit conference with JP Morgan, Curve.

ONCHAIN METRICS

V2 reached $2 million in revenue.

WHALE ACTIVITY

Vitalik Buterin sold over $8.6M in ETH into LUSD (among other stablecoins including PYUSD, EURC, and GHO) over a 7-day period ending February 25, 2026.

ONCHAIN METRICS

Has approximately $11 million in liquidity across BOLD/stablecoin pairs on mainnet.

ONCHAIN METRICSOfficial

Launched V2 with Rate Delegation feature for professional rate managers. Stability Pools generate 7% lifetime APR and 18% 30-day APR paid in BOLD and ETH; BOLD currently yields 6% as of April 2026.

TOKEN ECONOMICS

Devotes 25% of its revenue to $BOLD liquidity, with 800,000 BOLD used for this purpose since May.

2M ago
ONCHAIN METRICS

Yields 5-10% APR from borrower interest and liquidation gains, acquiring ETH and LSTs at 5% discount.

PARTNERSHIPOfficial

Enabled private transactions for BOLD stablecoin through integrations with 0xprivacypools (including minting) and RAILGUN_Project.

TOKEN ECONOMICSOfficial

Distributes 20,000 BOLD tokens weekly to BOLD/USDC liquidity providers on Ekubo, Curve, and Uniswap. Uniswap v4 BOLD/USDC pool offers 18% APR, paid in BOLD.

ONCHAIN METRICS

17% of HAI stablecoin supply is minted using BOLD-LUSD as collateral.

VISIBILITY EVENT

Participated in The Rollup Co discussion with svobodamichael on BOLD, scheduled February 9, 2026.

TECH EVENT

Launched BOLD stablecoin in May 2025 as an upgrade to the borrowing protocol.

VISIBILITY EVENT

Received A- rating from Bluechip with perfect 1.0 scores in management, decentralization, and governance, outranking USDC and DAI (B+), and identified as without counterparty risk.

3M ago
TECH EVENT

Adopted ENS-based naming across core smart contract infrastructure in Liquity V2, with each contract assigned a structured ENS name reflecting its function.

4M ago

A Liquity V2 licensed fork called Enosys launches on Flare Networks with over 200 troves created within 24 hours, offering stability pools and a CDP/USDT pool with 90%+ APR.

Users can borrow USDaf against ysyBOLD collateral.

New sBOLD markets go live on Spectra, offering Principal and Yield Tokens and sBOLD Pool access on Mainnet.

New sBOLD market launches on Spectra Finance with June 2026 expiry, offering fixed yield via Principal Tokens, fork exposure via Yield Tokens, and liquidity provision opportunities.

The wstETH Stability Pool delivers 12.6% APR over the last 90 days, performing 6% ahead of other venues on Mainnet.

A new $BOLD dashboard goes live with full Sphere integration for tracking current and historical borrow, earn, and risk metrics across DeFi protocols.

Offers 10% APR on stablecoin deposits on GyroStable and EkuboProtocol through June 2026, funded by fee program.

Integrated BOLD pool on Pendle for ysyBOLD, Liquity V2's BOLD stablecoin product, offering up to 30% APR and airdrops.

Aave removes Sky's USDS and DAI as collateral options while LUSD maintains its eligibility on the lending platform.

Two experimental HAI/BOLD pools launch on Curve Finance with the StableswapNG pool achieving over 50% liquidity utilization since November 20th.

TVL collapsed nearly 30% over a 90-day period according to new market data.

Analyst @tetra_gamma publishes thesis positioning the project within a "sovereign defi" narrative as the next trend after privacy.

Firm (usf_money) forked Liquity v2, launching with $7.5M TVL, multi-collateral, immutable code, and no admin keys; security vulnerability resolved.

A Liquity fork goes live on Saga blockchain with nearly $1M MUST stablecoin minted, developed in collaboration with Liquity V2 team members including CupOJoseph.

VeloraDEX DAO proposes creating a VLR/BOLD liquidity pool on Base chain using Liquity V2's Protocol Incentivised Liquidity (PIL) feature, with plans to acquire ~$5k of LQTY to redirect BOLD incentives to the pool.

Largest BOLD mints on Liquity V2 in over 2 months, with ETH, wstETH, and rETH borrow rates at 6-month lows.

BOLD/USDC vault goes live on Upshift Finance, curated by Clearstar Labs, offering ~10%+ APR by aggregating yield across Liquity forks and providing exposure to Liquity V2 airdrops plus Upshift points.

Offers BOLD/USDC liquidity pools on Ekubo Protocol (17.6% APR), Balancer v3 + Gyroscope pool (13% APR), Uniswap v4 (~10% APR), Curve (~11% APR), and Uniswap (~12% APR), with yields paid in BOLD or stablecoin rewards.

5M ago

Achieves 32.75% APR for BOLD-USDC liquidity pool on Ekubo Protocol's Ethereum mainnet, paying yields in BOLD stablecoin via Boosted Fees extension.

Liquity App is now live on the dGEN1 App Directory, expanding platform accessibility.

Active LQTY governance vote focuses on BOLD liquidity distribution across multiple DEXs including Curve, Ekubo, Defi Collective on Base, Smardex, Gyroscope, and Uni V4.

BOLD aims to build a leverage trading layer for prediction markets, with current market cap at $6M.

CEO Michael Svoboda speaks at Stable Summit IV in Cannes on 2026-03-27 to 2026-03-28, addressing Liquity V2, Ethereum Dollars, and low-risk DeFi yields.

V2 documentation now available in Russian language.

Smart money accumulates BOLD with +$18.6K inflows in the last 24 hours.

Rails Finance provides in-depth data analytics for V2 loan positions.

Liquity V2 records zero redemptions over the past 3 weeks.

Yearn Finance hosts a Twitter Space today with Liquity Protocol and Asymmetry Finance to discuss transparency, security, and risk practices in DeFi.

October Community Rewards program launches, paying content creators for V2/BOLD posts in Discord based on quality and reach. sBOLD and yBOLD are referenced as trackable BOLD-related yield products in the ecosystem.

The first Liquity V2 BOLD ecosystem vault launches with Lagoon Finance, providing liquidity across 8+ chains through partnerships with Felix Protocol, Asymmetry Finance, and Beraborrow. 15+ Liquity V2 forks reward BOLD liquidity providers with tokens.

Two new BOLD vaults will launch soon.

Ebisu Finance launches ebuSD-BOLD liquidity pool on Ekubo Protocol, with 750,000 xEBISU incentives for liquidity providers that convert to tokens at a later date.

BOLD borrowing rates drop to 0.5% for some users due to zero redemptions and BOLD maintaining peg, with rates 10x below market average.

Peanut integrates BOLD, enabling users to send BOLD which recipients receive as fiat in their bank accounts, with payments accepted at EFDevcon.

A Liquity Protocol Forks liquidity pool on Curve offers 23.9% APY for deposits of USDaf, BOLD, ebUSD, or USDfi.

Felix Protocol, a Liquity fork with $300M TVL, announces upcoming TGE and 4% airdrop to BOLD users. Alpen Labs, another Liquity fork with institutional backing from Bitcoin VCs, launches in 2025.

Launched yBOLD staking with 6-8% APY, accepting ysyBOLD as collateral to borrow USDaf. sBOLD and yBOLD auto-compounding products deliver approximately 10% APY. Integrated with Cowboy Vaults, using Liquity Protocol v2 to supply rETH as collateral and mint BOLD tokens, providing approximately 8% APR yields in BOLD through Stability Pools, sBOLD, and yBOLD deposit options.

CoinGecko changes the token listing from 'Liquity BOLD' to 'BOLD', with the naming update expected to propagate across DeFi platforms.

Liquity v2 coding is complete. USDaf launches as a borrowing product built on Liquity v2 technology, enabling users to borrow against Bitcoin or stablecoins.

BOLD is now available on Euler Finance with a BOLD/USDC pool on EulerSwap and yield-earning lending opportunities for USDC and BOLD on Liquity Hub.

Monthly content creator rewards program launches with 5,000 BOLD allocation for writers and creators covering yield strategies and protocol content. Community participates in livestreamed deployment of 1500 BOLD with voting on allocation strategy.

6M ago

Votemarket campaigns now feature BOLD in multiple pools including $USDaf + fxUSD + BOLD + USDC, with first rewards for protocol_fx veFXN voters available Thursday.

Liquidity providers earn 16% APR on the BOLD/USDC/USND pool on Arbitrum via Balancer, plus Nerite shells as additional rewards.

Current borrow rates on Liquity V2 are 3% for ETH and 4.5% for wstETH, with Stability Pool depositors earning 48%+ APR; yield-bearing BOLD variants ysyBOLD and sBOLD launch through Yearn Finance and K3 Capital integrations.

Generated 15% returns for stakers from 4 liquidation events since 2025-10-10 by swapping BOLS for collateral, accessible via sBOLD, ysyBOLD, Pendle, or Spectra.

BOLD tokens are available on Base network, with users receiving distributions from Mira and Falcon project airdrops.

YT APY on Pendle spiked to 22,000% for BOLD-related products, and BOLD tokens are available for LP/YT on Spectra Finance.

BOLD stablecoin now leads the stablewatchHQ dashboard, with staking currently earning 5-7% APR paid out in BOLD, ETH, wstETH, and rETH.

gTrade adds LQTY to its trading platform as part of new pair listings.

Liquity V2 processed approximately $3.4M in liquidations during its first major stress test, generating ~3.6% daily APR for wstETH Stability Pool BOLD depositors while the stablecoin maintained its $1 peg.

BOLD supply contracted by 6.9% following 3 liquidations, while the stablecoin maintained its peg with less than 1% deviation.

LQTY token now available for trading on gTrade platform.

USDaf now holds over 60% of staked yBOLD, while a looping strategy offers approximately 50% APR on stables.

BOLD yield data is now available on DefiLlama analytics platform for tracking yield opportunities.

BOLD has reached an all-time high (likely in supply based on recent context), with the next milestone target set at 50M.

HAI partnership with BOLD announced as upcoming initiative, indicating new integration or collaborative program launching soon.

BOLD stablecoin now available on Berachain with LPs earning 30% APY on BOLD / NECT / HONEY stable pool plus InfraredFinance points through auto-compounding vault.

LQTY stakers can now vote on a new Merkl PIL initiative to provide BOLD rewards for Uniswap V4 liquidity providers, with voting deadline approaching.

OrkiFi announces reward program for BOLD users, offering additional SWELL rewards for providing BOLD/USDK liquidity on Velodrome Finance.

BOLD supply is approaching all-time highs, and current borrowing rates for BOLD against ETH have dropped to as low as 1.7%.

BOLD LP receipts from the NECT | BOLD | HONEY pools on Berachain can now be deposited into Beraborrow for additional yield stacking opportunities beyond the base pool rewards.