As @TrustlessState says, most stablecoins are much less bankless than they could be.
That's why $LinUSD, the Linea dollar, is a friendly fork of @LiquityProtocol V2:
"The only truly cypherpunk stablecoin on the market".
Secure. Unstoppable. Sovereign.
LIVE NOW - Liquity V2: The Most Bankless Stablecoin? | CEO Michael Svoboda
@LiquityProtocol has long been a hidden gem in the DeFi ecosystem.
A stablecoin protocol that’s fully immutable, governance-free, and built entirely on Ethereum.
CEO @svobodamichael joins @TrustlessState to unpack how Liquity’s new V2 system, featuring the bold stablecoin (BOLD), could be the most truly Bankless dollar in existence.
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TIMESTAMPS
0:00 Intro
0:50 Liquity Ethos
8:35 Types of Stablecoins
11:50 Liquity Economics
25:52 LUSD Growth
30:21 Liquity V2 vs V1
35:25 Future Vision
37:00 Closing & Disclaimers
The flywheel is clear: DeFi stables create a demand sink for their collateral.
@LineaBuild provides the institutional-grade protocol for this to operate at scale.
@Linereumfi, a friendly fork of @LiquityProtocol V2, securely executes the conversion—driving direct demand for Linea's blue-chip collateral ( $ETH, $LINEA, LSTs) while generating sustainable native yield.
$LinUSD is the Linea dollar.
Friendly reminder: Liquity is one of the few protocols that do not lend out any user assets.
- Borrowers’ collateral stays in the protocol and is always fully withdrawable.
- BOLD Stability Pool deposits stay in the protocol and are always fully withdrawable.
There is no rehypothecation.
Own your money.
@aikoadoree@LiquityProtocol yeah. Linea natives can earn yield by locking $Linea and other blue chip collateral.
Secure and sustainable yield.
We will also have a points program at launch.
Linereum is bringing low-risk DeFi to the Linea ecosystem.
As a friendly fork of @LiquityProtocol V2, we inherit the security of a battle-tested architecture with over $400M in TVL across 12 chains.
Our foundation is antifragile by design.
Want to learn more?
Checkout @VitalikButerin's recent blog post on low risk defi: https://t.co/MD8JPCFu54
Explore the Liquity V2 ecosystem dashboard: https://t.co/2ASj8nf0b2