What is Liquity (LQTY)

1. Project Introduction
A blockchain-based lending protocol that allows users to obtain interest-free loans using ETH as collateral. Loans are issued in LUSD, a USD-pegged stablecoin. The protocol is designed to provide a capital-efficient and user-friendly approach to borrowing stablecoins, making it a compelling alternative to other lending solutions.
Summary: A decentralized lending protocol on Ethereum, leveraging LQTY, a USD-pegged stablecoin. ETH holders can take out loans in LQTY, with redemption and issuance fees dynamically adjusted by an algorithm-driven mechanism.
2. Team & Investment Info
Robert Lauko (Co-founder) – A legal expert with an extensive background in law. Before 2017, he worked at Sunrise Communications AG and Bundesverwaltungsgericht. In 2017, he joined DFINITY as a research associate, where he worked for two years before founding Liquidity.
Funding:
Seed Round (Sep 2020): Raised $2.4M, led by Polychain, with participation from 1kx, Lemniscap, and others.
Series A (Mar 2021): Secured $6M, led by Pantera, with contributions from IOSG, Greenfield, AngelDAO, and others.
3. Social Media URLs
X: https://x.com/LiquityProtocol
Telegram: https://t.me/liquityprotocol
Discord: https://discord.com/invite/2up5U32
4. Token Info
Token Symbol: LQTY
Total Supply: 100,000,000
Token Type: ERC
Issuance/Burn Mechanism: Fixed supply
Contract Address: 0x6DEA81C8171D0bA574754EF6F8b412F2Ed88c54D
Token Distribution:
Community: 35.3%
Team: 23.7% – 0% unlocked at TGE, 1-year lockup, 36-month linear vesting
Investors: 33.9% – 0% unlocked at TGE, 1-year lockup
Foundation: 6.1% – 0% unlocked at TGE, 1-year lockup
Partners: 1% – 0% unlocked at TGE, 1-year lockup
5. Related Links
Official Website: https://www.liquity.org/
White Paper: https://docs.liquity.org/
Other Info: https://github.com/liquity/bold/
https://www.youtube.com/channel/UCEAFfXgbL5J_BgSTxG07ARw/featured