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DeFi Lender Liquity Unveils New Stablecoin With User-Set Borrowing Rates in White Paper

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Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.

Liquity's upgraded protocol aims to take on the increasing competition for DeFi yields, with plans to go live in the third quarter.

Details of the new version, which is scheduled for late in the third quarter, arrive as new yield-earning strategies and DeFi-native stablecoins have helped lift investment returns from the depths of a crypto winter in 2022 and 2023. For example,Liquity is known as a stablecoin lender that offers 0% loans in its overcollateralized LUSD stablecoins for users depositing ETH in the protocol while charging a one-time fee.

 

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