Liquity Will Release V2 In 2024, Using Staked ETH To Back The...
17 Jul 2023
Crypto News Source
Liquity Will Release V2 In 2024, Using Staked ETH To Back The Stablecoin Model
Liquity, the decentralized lending platform, has made an exciting announcement regarding the upcoming launch of Liquity V2. This new version of the platform is set to provide Ethereum (ETH) holders with attractive leverage and lending products, further expanding on the existing offerings of the protocol. The release of Liquity V2 is scheduled for public availability in 2024 and introduces a novel reserve-backed stablecoin model that utilizes staked ETH. As a borrowing protocol, Liquity enables users to participate in interest-free lending. Through the protocol.
Liquity operates on the concept of collateralized debt positions (CDPs) known as “Troves.” Each Trove is mandated to maintain a minimum collateral rate of 110%, ensuring the safety and stability of the protocol. In the event that the collateral ratio of certain assets falls below 100%, liquidation becomes necessary to cover the outstanding debt. A key aspect of Liquity’s strategy is to ensure platform stability and foster a collaborative ecosystem. Similar to the approach taken by Serum Dex, the platform allows other parties to host the Liquity Graphical User Interface (GUI). In return, these hosts receive incentives based on the number of user accounts they attract. This approach encourages partnerships and promotes wider adoption of the protocol.
Liquity, the decentralized lending platform, has made an exciting announcement regarding the upcoming launch of Liquity V2. This new version of the platform is set to provide Ethereum (ETH) holders with attractive leverage and lending products, further expanding on the existing offerings of the protocol. The release of Liquity V2 is scheduled for public availability in 2024 and introduces a novel reserve-backed stablecoin model that utilizes staked ETH. As a borrowing protocol, Liquity enables users to participate in interest-free lending. Through the protocol.
Liquity operates on the concept of collateralized debt positions (CDPs) known as “Troves.” Each Trove is mandated to maintain a minimum collateral rate of 110%, ensuring the safety and stability of the protocol. In the event that the collateral ratio of certain assets falls below 100%, liquidation becomes necessary to cover the outstanding debt. A key aspect of Liquity’s strategy is to ensure platform stability and foster a collaborative ecosystem. Similar to the approach taken by Serum Dex, the platform allows other parties to host the Liquity Graphical User Interface (GUI). In return, these hosts receive incentives based on the number of user accounts they attract. This approach encourages partnerships and promotes wider adoption of the protocol.
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