13
edits
Difference between revisions of "Liquity"
Jump to navigation
Jump to search
Recap infographic
TokenBrice (talk | contribs) m (Adding info about the one and only triggering of the Recovery Mode) |
TokenBrice (talk | contribs) (Recap infographic) |
||
| Line 2: | Line 2: | ||
Launched in April 2021, the platform grew to a total value locked of $1.15 billion as of April 2022.<ref>https://defillama.com/protocol/liquity</ref> | Launched in April 2021, the platform grew to a total value locked of $1.15 billion as of April 2022.<ref>https://defillama.com/protocol/liquity</ref> | ||
[[File:Liquity-base-flow.png|alt=liquity borrowing flow|thumb|Overview of the main LUSD & ETH streams within the Liquity protocol]] | |||
The service provided by Liquity is similar to [[MakerDAO]], but the protocol has several specificities, the main one being that Liquity and LUSD are fully unstoppable: the services are enabled thanks to smart contracts that have no administrative functions. It means that just like Uniswap, the Liquity protocol cannot be modified in any way and will operate as long as the Ethereum network synchronizes. | The service provided by Liquity is similar to [[MakerDAO]], but the protocol has several specificities, the main one being that Liquity and LUSD are fully unstoppable: the services are enabled thanks to smart contracts that have no administrative functions. It means that just like Uniswap, the Liquity protocol cannot be modified in any way and will operate as long as the Ethereum network synchronizes. | ||