[AMA] We are Liquity V2 and home to BOLD - the Ethereum dollar.

Hey everyone!

Liquity V2 here - we launched on Mainnet in May 19, and have quickly racked up $190m in TVL and $43m in BOLD supply.

We are an immutable CDP on Mainnet (think MakerDAO), where you can deposit ETH, wstETH, and rETH at an interest rate of your choosing, to mint $BOLD.

You might know us from Liquity V1 and LUSD, the OG venue where you could deposit ETH, and mint LUSD at a fixed 0.5% borrow cost.

With V2, we feel we've created the ultimate borrowing and earning venue for decentralization purists.

TL;DR

• Set your own interest rate when borrowing with ETH, wstETH, and rETH
• You can mint $BOLD: a stablecoin that is backed by the assets above only, over-collateralized, with redemptions available at all times.
• 100% yield is passed on to $BOLD holders, resulting in a stablecoin that generates organic, sustainable yield.
• The protocol is completely Immutable and permissionless.
• V2 will have 15 + forks across various L2s and EVMs, all who will be allocating roughly ~4% of their token supply to BOLD holders, resulting in exciting yield opportunities (link below).

What’s new in Liquity V2

• Borrow & leverage with ETH / wstETH / rETH
• Set your own interest rates for maximum capital efficency
• Real, sustainable yield for BOLD, along with 15+ venues to use it across DeFi.
• Protocol-incentivized liquidity for LPs
• Airdrop opportunities with 15+ friendly forks (each allocating ~3-4% of their tokens)
• Yield bearing versions of BOLD in ysyBOLD and sBOLD that you can use across DeFi.

Values

• Immutable contracts, no counterparty risk
• No core protocol governance (terms and conditions remain the same)
• ETH/LST-only collateral (ETH, wstETH, rETH)

Some useful Dune resources on stats around Liquity V2, and yield opportunities:

1. Liquity V2 stats - https://dune.com/liquity/liquity-v2
2. Yield venues - https://dune.com/liquity/liquity-v2-yields
3. List of Liquity V2 forks - https://forqty.com/
4. Fork airdrop calculation tracker - https://docs.google.com/spreadsheets/d/1Zi_2rU7Ktwd4qF9AZuFbgz7W8uIEN6ta5n-LHOE44oM/edit?gid=0#gid=0

Exciting to be a part of this community, and answer any questions :)