
Liquity USD
LUSD
#503
Liquity USD is a redeemable stablecoin, pegged to the US dollar, allows you to get a loan at 0% for Ether.ย The stablecoin has several advantages, for example, the interest rate is 0%, and the collateral ratio is only 110%.
News about Liquity USD
18 Aug 2023, 10:03
https://twitter.com/LiquityProtocol/status/1691845067198112218
17 Aug 2023, 13:15
Community Rewards - June ๐
The recipients will get rewards worth 2'000 #LQTY*
@0xLuude , @imajinl , @kevin_soell , @DefiIgnas , @ExponentialDeFi and @0x_nanobro
Thank you, sers! ๐
Pls check their work in the thread.
*Rewards will be paid out in #ETH
1/8
Community Rewards - June. The recipients will get rewards worth 2'000 #LQTY*.Community Rewards - June ๐
The recipients will get rewards worth 2'000 #LQTY*
@0xLuude , @imajinl , @kevin_soell , @DefiIgnas , @ExponentialDeFi and @0x_nanobro
Thank you, sers! ๐
Pls check their work in the thread.
*Rewards will be paid out in #ETH
1/8
15 Aug 2023, 17:45
LUSD is coming to @AaveAave ๐ป ๐
The Aave community has spoken loud & clear โ LUSD will be an official collateral asset with a unanimous 100% vote!
Max LTV will be set at 77%, mirroring the one for USDC
This will not only benefit users, but pave the way for new integrations.
LUSD is coming to @AaveAave.LUSD is coming to @AaveAave ๐ป ๐
The Aave community has spoken loud & clear โ LUSD will be an official collateral asset with a unanimous 100% vote!
Max LTV will be set at 77%, mirroring the one for USDC
This will not only benefit users, but pave the way for new integrations.
15 Aug 2023, 16:01
/LiquityProtocol/status/1691480138708324352/photo/1 Oracles in DeFi
In the DeFi universe, smart contracts make the rules, executing transactions based on data.
But where does this data come from? How do smart contracts gather real-world, off-chain information?
This is where oracles flex their muscles, connecting the on-chain, and off-chain worlds.
A post on some of the approaches taken in the industry, and how it ties into choosing the right oracle for Liquity v2 ๐งต
The three pillars of modern oracles: Push-based, Low-latency, and TWAP
1) Push-based oracles (eg: @chainlink ):
Push-based oracles follow a simple mechanism where they regularly "push" price data on-chain at specific intervals, or at various deviation thresholds.
@chainlink is a well-known example of a push-based oracle. At predetermined time intervals, or if the price of a said asset deviates by more than 0.5% since the last update, Chainlink 'pushes' the latest market price data to the blockchain.
Chainlink uses a decentralized network of nodes to collect and feed data to smart contracts; this proxy architecture also ensures smooth upgrades. However, push-based oracles donโt come without any tradeoffs.
Chainlink's reputation-based system, where only whitelisted nodes contribute data, guarantees the accuracy and security of the feed, but also raises questions on decentralization.
There might also be occasional delays in updating price data, leading to potential latency issues (eg., if the ETH price moves by 0.49%, there wonโt be a trigger for an update, and it might update after 1 hour).
2. Low-latency / pull-based oracles (eg: low-latency Chainlink, @redstone_defi , @PythNetwork )
As the name suggests, low-latency oracles promise near-instantaneous data updates. These oracles require keepers or users to first pull the price, and then send the price data to the dAPP as part of the transaction the user wants to perform.
For products requiring real-time data, low-latency oracles are a godsend. Sub-second updates can be crucial in volatile markets, or for specific financial instruments (eg., derivatives, margin trading, etc). The reduced chances of lag also reduce arbitrage opportunities within the protocol.
While offering quick data retrieval, low-latency oracles can complicate the user experience due to their pull-based approach (especially when it comes to the front-end experience, and composability).
Furthermore, elements of centralization in these oracles also raise concerns about their 'true' decentralization.
3. Time-Weighted Average Price oracles (eg: @Uniswap v3)
TWAP oracles, like Uniswap v3, offer a moving average of an assetโs price over a specified period. The inherent design of TWAP oracles, relying on liquidity depth, ensures market prices are consistent and protected from short-term manipulation or extreme volatility.
However, price lags, and liquidity guarantees are a concern. By their very nature, TWAPs donโt give real-time prices, but an average. This time lag, especially in rapidly changing markets, might lead to less optimal executions.
There is also the case of liquidity guarantees; what happens if LP's pull their liquidity away from Uniswap v3 to v4, and an immutable protocol opts for a TWAP oracle that is based on Uniswap v3?
So with all this being considered, whatโs our criteria in choosing the right oracle for v2?
In the next post, we'll delve into Liquity v2 and its oracle objectives, outlining the challenges that come with choosing the right oracle.
Notifications on ๐
/LiquityProtocol/status/1691480138708324352/photo/1 Oracles in DeFi./LiquityProtocol/status/1691480138708324352/photo/1 Oracles in DeFi
In the DeFi universe, smart contracts make the rules, executing transactions based on data.
But where does this data come from? How do smart contracts gather real-world, off-chain information?
This is where oracles flex their muscles, connecting the on-chain, and off-chain worlds.
A post on some of the approaches taken in the industry, and how it ties into choosing the right oracle for Liquity v2 ๐งต
The three pillars of modern oracles: Push-based, Low-latency, and TWAP
1) Push-based oracles (eg: @chainlink ):
Push-based oracles follow a simple mechanism where they regularly "push" price data on-chain at specific intervals, or at various deviation thresholds.
@chainlink is a well-known example of a push-based oracle. At predetermined time intervals, or if the price of a said asset deviates by more than 0.5% since the last update, Chainlink 'pushes' the latest market price data to the blockchain.
Chainlink uses a decentralized network of nodes to collect and feed data to smart contracts; this proxy architecture also ensures smooth upgrades. However, push-based oracles donโt come without any tradeoffs.
Chainlink's reputation-based system, where only whitelisted nodes contribute data, guarantees the accuracy and security of the feed, but also raises questions on decentralization.
There might also be occasional delays in updating price data, leading to potential latency issues (eg., if the ETH price moves by 0.49%, there wonโt be a trigger for an update, and it might update after 1 hour).
2. Low-latency / pull-based oracles (eg: low-latency Chainlink, @redstone_defi , @PythNetwork )
As the name suggests, low-latency oracles promise near-instantaneous data updates. These oracles require keepers or users to first pull the price, and then send the price data to the dAPP as part of the transaction the user wants to perform.
For products requiring real-time data, low-latency oracles are a godsend. Sub-second updates can be crucial in volatile markets, or for specific financial instruments (eg., derivatives, margin trading, etc). The reduced chances of lag also reduce arbitrage opportunities within the protocol.
While offering quick data retrieval, low-latency oracles can complicate the user experience due to their pull-based approach (especially when it comes to the front-end experience, and composability).
Furthermore, elements of centralization in these oracles also raise concerns about their 'true' decentralization.
3. Time-Weighted Average Price oracles (eg: @Uniswap v3)
TWAP oracles, like Uniswap v3, offer a moving average of an assetโs price over a specified period. The inherent design of TWAP oracles, relying on liquidity depth, ensures market prices are consistent and protected from short-term manipulation or extreme volatility.
However, price lags, and liquidity guarantees are a concern. By their very nature, TWAPs donโt give real-time prices, but an average. This time lag, especially in rapidly changing markets, might lead to less optimal executions.
There is also the case of liquidity guarantees; what happens if LP's pull their liquidity away from Uniswap v3 to v4, and an immutable protocol opts for a TWAP oracle that is based on Uniswap v3?
So with all this being considered, whatโs our criteria in choosing the right oracle for v2?
In the next post, we'll delve into Liquity v2 and its oracle objectives, outlining the challenges that come with choosing the right oracle.
Notifications on ๐
14 Aug 2023, 17:46
The Liquity ecosystem grows further on @arbitrum
(๐, ๐งก)
@antfarmfinance , the band rebalancing AMM, are providing incentives to liquidity providers in the Liquity community.
Check out their thread to learn more ๐
The Liquity ecosystem grows further on @arbitrum.The Liquity ecosystem grows further on @arbitrum
(๐, ๐งก)
@antfarmfinance , the band rebalancing AMM, are providing incentives to liquidity providers in the Liquity community.
Check out their thread to learn more ๐
14 Aug 2023, 16:06
๐ข
LUSD's use cases grow by the day ๐ต
@PreonFinance have integrated LUSD as a peg stability mechanism for their protocol
Check out their thread to learn more ๐
LUSD's use cases grow by the day. @PreonFinance have integrated LUSD as a peg stability mechanism for their protocol.๐ข
LUSD's use cases grow by the day ๐ต
@PreonFinance have integrated LUSD as a peg stability mechanism for their protocol
Check out their thread to learn more ๐
14 Aug 2023, 14:20
๐ฅ ๐จ
The @SiloFinance proposal to swap $1m USDC into LUSD has passed โจ
LUSD welcomes another home ๐ต ๐
The @SiloFinance proposal to swap $1m USDC into LUSD has passed. LUSD welcomes another home.๐ฅ ๐จ
The @SiloFinance proposal to swap $1m USDC into LUSD has passed โจ
LUSD welcomes another home ๐ต ๐
11 Aug 2023, 18:16
Best in class โญ
๐ A rated sensation at @bluechip
๐ Making waves as @ExponentialFi's best stable
โณ๏ธ A risk profile like no other according to @ReveloIntel
๐งญ Strategies unlocked with @robolabs_biz
The night sky has stars, DeFi has LUSD ๐ต
See why LUSD shines the brightest๐
Best in class. A rated sensation at @bluechip. Making waves as @ExponentialFi's best stable.Best in class โญ
๐ A rated sensation at @bluechip
๐ Making waves as @ExponentialFi's best stable
โณ๏ธ A risk profile like no other according to @ReveloIntel
๐งญ Strategies unlocked with @robolabs_biz
The night sky has stars, DeFi has LUSD ๐ต
See why LUSD shines the brightest๐
11 Aug 2023, 15:47
decentralization ๐ฉท's company
The LUSD revolution on @0xMantle continues ๐ฅ
decentralization ๐ฉท's company. The LUSD revolution on @0xMantle continues.decentralization ๐ฉท's company
The LUSD revolution on @0xMantle continues ๐ฅ
11 Aug 2023, 14:40
Always wanted to diversify into LUSD?
Well, now is the perfect time to do so ๐
The current 8% DSR has led to added selling pressure, nudging LUSD just below $1
Follow teams like @GearboxProtocol , @dopex_io & @SiloFinance in diversifying from [centralized coin] into LUSD๐ต
๐
Always wanted to diversify into LUSD. Well, now is the perfect time to do so.Always wanted to diversify into LUSD?
Well, now is the perfect time to do so ๐
The current 8% DSR has led to added selling pressure, nudging LUSD just below $1
Follow teams like @GearboxProtocol , @dopex_io & @SiloFinance in diversifying from [centralized coin] into LUSD๐ต
๐
11 Aug 2023, 04:46
https://twitter.com/PolynomialFi/status/1687121903679574016
10 Aug 2023, 19:23
๐ด ๐ต
Check out @PolynomialFi 's quest for the Liquity community ๐
Check out @PolynomialFi 's quest for the Liquity community.๐ด ๐ต
Check out @PolynomialFi 's quest for the Liquity community ๐
10 Aug 2023, 08:11
Community Rewards - July ๐จ
Submissions to claim rewards are now open.
If you contributed to the expansion of the Liquity ecosystem then pls submit your claim here:
Community Rewards - July. Submissions to claim rewards are now open.Community Rewards - July ๐จ
Submissions to claim rewards are now open.
If you contributed to the expansion of the Liquity ecosystem then pls submit your claim here: https://t.co/vERH24rKIm
08 Aug 2023, 10:06
We're thrilled to have @robert_lauko , Founder & Head of Research at Liquity, as a speaker at #FintechLi2023!
With a Ph.D. in Law and blockchain expertise from DFINITY, he's shaping the future of stablecoins with @LiquityProtocol .
Don't miss his insights!
#SpeakerAnnouncement
We're thrilled to have @robert_lauko , Founder & Head of Research at Liquity, as a speaker at #FintechLi2023. With a Ph.We're thrilled to have @robert_lauko , Founder & Head of Research at Liquity, as a speaker at #FintechLi2023!
With a Ph.D. in Law and blockchain expertise from DFINITY, he's shaping the future of stablecoins with @LiquityProtocol .
Don't miss his insights!
#SpeakerAnnouncement
06 Aug 2023, 11:05
https://fxtwitter.com/liquityprotocol/status/1688137264180740096
04 Aug 2023, 18:02
https://fxtwitter.com/liquityprotocol/status/1687506370508341248
03 Aug 2023, 09:40
01 Aug 2023, 21:28
https://fxtwitter.com/liquityprotocol/status/1686418322697474050
27 Jul 2023, 12:13
https://twitter.com/robolabs_biz/status/1684534221287968768?=
24 Jul 2023, 17:07
https://twitter.com/yearnfi/status/1683518587728797705?s=46&t=4CSlXcOn99wMrgzIO4XyhQ
24 Jul 2023, 09:50
https://twitter.com/LiquityProtocol/status/1681589766918410240
15 Jul 2023, 23:13
https://twitter.com/LiquityProtocol/status/1680140222212763650?s=20
15 Jul 2023, 09:00
๐ฅ EXCITING NEWS!
Liquity is coming out with a v2 ๐
Our founder @robert_lauko has just announced @stable_summit - we believe we have successfully cracked The Stablecoin Trilemma with Liquity V2!
โ
It's an upgrade all about Scalability, Stability, and Decentralization!
Andโฆ
EXCITING NEWS. Liquity is coming out with a v2.๐ฅ EXCITING NEWS!
Liquity is coming out with a v2 ๐
Our founder @robert_lauko has just announced @stable_summit - we believe we have successfully cracked The Stablecoin Trilemma with Liquity V2!
โ
It's an upgrade all about Scalability, Stability, and Decentralization!
Andโฆ
05 Jul 2023, 17:40
https://twitter.com/liquityprotocol/status/1676639068644597760?s=46&t=4CSlXcOn99wMrgzIO4XyhQ
29 Jun 2023, 17:17
https://twitter.com/liquityprotocol/status/1674463249784541184?s=46&t=4CSlXcOn99wMrgzIO4XyhQ
21 Jun 2023, 14:15
https://twitter.com/liquityprotocol/status/1671517014400069637?s=46&t=4CSlXcOn99wMrgzIO4XyhQ
20 Jun 2023, 17:42
https://twitter.com/LiquityProtocol/status/1671194669190103040?s=20
16 Jun 2023, 16:51
https://twitter.com/liquityprotocol/status/1669730312115589120?s=46&t=4CSlXcOn99wMrgzIO4XyhQ
08 Jun 2023, 10:54
https://twitter.com/LiquityProtocol/status/1666757968644440064
28 May 2023, 06:15
https://www.linkedin.com/feed/update/urn:li:activity:7068469675709337600
18 May 2023, 19:08
16 May 2023, 07:03
https://twitter.com/LiquityProtocol/status/1658308574680952834
07 May 2023, 19:32
https://twitter.com/liquityprotocol/status/1654946486747271169
28 Apr 2023, 05:01
https://twitter.com/LiquityProtocol/status/1651645765104828418?s
25 Apr 2023, 10:22
https://twitter.com/DeFiSaver/status/1650486995343536129?s=200
21 Apr 2023, 04:23
For more charts like this check our quarterly report:
Fortune favors the based
For more charts like this check our quarterly report:. Fortune favors the based.For more charts like this check our quarterly report: https://t.co/DTQvrQ9y7q https://t.co/sGrB9cKk0D
Fortune favors the based https://t.co/nCPKv5SGdA
20 Apr 2023, 14:45
๐ฃ๏ธ "What LUSD told us is that there have to be the stablecoin options."
๐ข Listen to @niarbnotna from @holyheld and get some alpha on what he thinks is the next ultimate feature after LUSD top-ups on their debit card. ๐
"What LUSD told us is that there have to be the stablecoin options.๐ฃ๏ธ "What LUSD told us is that there have to be the stablecoin options."
๐ข Listen to @niarbnotna from @holyheld and get some alpha on what he thinks is the next ultimate feature after LUSD top-ups on their debit card. ๐ https://t.co/ekBjn3l1uk
20 Apr 2023, 14:08
RT @dracula_fi: We are excited to bring the most resilient stablecoin to #zkSyncEra with the help of the @LiquityProtocol community
$LUSDโฆ
RT @dracula_fi: We are excited to bring the most resilient stablecoin to #zkSyncEra with the help of the @LiquityProtocol communRT @dracula_fi: We are excited to bring the most resilient stablecoin to #zkSyncEra with the help of the @LiquityProtocol community
$LUSDโฆ
20 Apr 2023, 06:20
https://twitter.com/LiquityProtocol/status/1648696462497431555
19 Apr 2023, 23:48
RT @FrogsAnon: It's been a big quarter for @LiquityProtocol in Q1:
LQTY listed on Binance
LUSD supply up 50% on banking failures
Amount ofโฆ
RT @FrogsAnon: It's been a big quarter for @LiquityProtocol in Q1:. LQTY listed on Binance.RT @FrogsAnon: It's been a big quarter for @LiquityProtocol in Q1:
LQTY listed on Binance
LUSD supply up 50% on banking failures
Amount ofโฆ
19 Apr 2023, 16:59
RT @BYDFi: Are you ready for an insightful AMA session?
Join us and @LiquityProtocol for the #AMA
๐
Apr 20, 8:00 AM (UTC)
๐ https://t.co/โฆ
RT @BYDFi: Are you ready for an insightful AMA session. Join us and @LiquityProtocol for the #AMA. Apr 20, 8:00 AM (UTC).RT @BYDFi: Are you ready for an insightful AMA session?
Join us and @LiquityProtocol for the #AMA
๐
Apr 20, 8:00 AM (UTC)
๐ https://t.co/โฆ
19 Apr 2023, 14:34
Fresh off the press โ
A look at Liquity's Q1 by the numbers ๐
Check out our blog post ๐
Fresh off the press. A look at Liquity's Q1 by the numbers. Check out our blog post.Fresh off the press โ
A look at Liquity's Q1 by the numbers ๐
Check out our blog post ๐
https://t.co/DTQvrQa5WY https://t.co/rjlZLisfoT
19 Apr 2023, 07:55
1/ Community Rewards - March ๐
The recipients will get rewards worth 3'000 #LQTY*
@0xsurferboy, @CryptoKaduna, @DeFi_Cheetah, @FarmerTuHao, @0xZentsu, @Athymeth, @kevin_soell and @CryptoNikyous
Thank you, sers! ๐
*Rewards will be paid out in #ETH
1/ Community Rewards - March. The recipients will get rewards worth 3'000 #LQTY*.1/ Community Rewards - March ๐
The recipients will get rewards worth 3'000 #LQTY*
@0xsurferboy, @CryptoKaduna, @DeFi_Cheetah, @FarmerTuHao, @0xZentsu, @Athymeth, @kevin_soell and @CryptoNikyous
Thank you, sers! ๐
*Rewards will be paid out in #ETH https://t.co/B961PeCTJz
18 Apr 2023, 15:49
RT @StealthEX_io: StealthEX new AMA session is here! ๐
Join our live AMA with @LiquityProtocol business developer @bjnpck to learn more abโฆ
RT @StealthEX_io: StealthEX new AMA session is here.RT @StealthEX_io: StealthEX new AMA session is here! ๐
Join our live AMA with @LiquityProtocol business developer @bjnpck to learn more abโฆ
18 Apr 2023, 07:52
RT @bjnpck: Will #LUSD depeg?
The users of @y2kfinance think no, assigning it the lowest Insurance Price among all assets.
Wisdom of theโฆ
RT @bjnpck: Will #LUSD depeg. The users of @y2kfinance think no, assigning it the lowest Insurance Price among all assets.RT @bjnpck: Will #LUSD depeg?
The users of @y2kfinance think no, assigning it the lowest Insurance Price among all assets.
Wisdom of theโฆ
16 Apr 2023, 18:02
RWA this, RWA that...
This is how it's done!
Keep it vanilla ๐ฆ
RWA this, RWA that. This is how it's done. Keep it vanilla.RWA this, RWA that...
This is how it's done! https://t.co/fYHnyxl1O4
Keep it vanilla ๐ฆ https://t.co/gjjRUABaZ2
15 Apr 2023, 18:27
RT @svobodamichael: Had a blast to meet so many people holding $LUSD ๐
Users are much more conscious about the counterparty risks and haveโฆ
RT @svobodamichael: Had a blast to meet so many people holding $LUSD.RT @svobodamichael: Had a blast to meet so many people holding $LUSD ๐
Users are much more conscious about the counterparty risks and haveโฆ
14 Apr 2023, 19:53
RT @bjnpck: Lets celebrate 2K ETH with a throwback
To when Tetra bought at $849
Let's calculate
($2000 * 938 ETH) / $849 = 2209 ETH
Chadโฆ
RT @bjnpck: Lets celebrate 2K ETH with a throwback. To when Tetra bought at $849. Let's calculate.RT @bjnpck: Lets celebrate 2K ETH with a throwback
To when Tetra bought at $849
Let's calculate
($2000 * 938 ETH) / $849 = 2209 ETH
Chadโฆ
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