{"id":228256,"date":"2021-04-16T07:43:07","date_gmt":"2021-04-16T04:43:07","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/liquity-protocol-attracts-1b-tvl-in-just-10-days\/"},"modified":"2021-04-16T07:43:07","modified_gmt":"2021-04-16T04:43:07","slug":"liquity-protocol-attracts-1b-tvl-in-just-10-days","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/liquity-protocol-attracts-1b-tvl-in-just-10-days\/","title":{"rendered":"# Liquity Protocol attracts $1B TVL in just 10 days"},"content":{"rendered":"<p>&#8220;<strong># Liquity Protocol attracts $1B TVL in just 10 days <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>The team behind<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.liquity.org\/\"> Liquity <\/a>Protocol \u2014 a DeFi <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/liquity\/liquity-launch-details-4537c5ffa9ea\">project<\/a> launched on April 5 \u2014 has attracted $1 billion worth of locked up value according to data from Dune Analytics. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">From $0 to $1B TVL in 10 days <\/p>\n<p>Here&#8217;s some charts highlighting Liquity&#8217;s growth so far: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/qpSzRp0gZs\">pic.twitter.com\/qpSzRp0gZs<\/a><\/p>\n<p>\u2014 Liquity (@LiquityProtocol) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LiquityProtocol\/status\/1382730974073479172?ref_src=twsrc%5Etfw\">April 15, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>The Pantera Capital-backed Liquity is a Swiss-based decentralized and governance-free lending protocol that offers interest-free loans against Ethereum locked as collateral, with users required to maintain a minimum collateral ratio of 110%. <\/p>\n<p>Loans are paid out in the protocol\u2019s algorithmic stable coin LUSD, which is pegged to the value of USD at a one-to-one ratio. The protocol automatically generates LUSD to meet user demand, and so far has minted a supply of 480 million stable coins, with more coins being minted than burned each day. <\/p>\n<p>The loans are secured by the protocol\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/docs.liquity.org\/faq\/stability-pool-and-liquidations\">Stability Pool<\/a> that acts as a source of liquidity to repay liquidated debt, and also by fellow borrowers collectively acting as guarantors of last resort. Users can earn money through the protocol by staking liquidity and earn revenue from issuance fees in LUSD and redemption fees in ETH. <\/p>\n<p>Data from the mammoth 10-day run published via <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/duneanalytics.com\/dani\/Liquity\">DuneAnalytics<\/a> revealed that borrowing demand has rewarded stakers so far, with an average of roughly $240,000 of fees generated per day on the protocol between April 12 and April 14. The total staked amount edged past $720,000 on April 15, and the majority of users are keeping within a collateral range between 150-250%. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-04\/f1c8ea00-d2b5-412f-b1cf-e7357125fbf2.png\"><\/figure>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-04\/d82d74aa-c747-4ae8-a3ca-a699ffa64c38.png\"><\/figure>\n<p>On March 29 Cointelegraph reported that the Liquity Protocol had closed its <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> A funding round led by Pantera Capital with a $6 million investment, which included additional contributions from companies such as quantitative investment firm Alameda Research. <\/p>\n<p>The decentralized finance protocol sector continues to push past its all-time highs, with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/home\">data<\/a> aggregator DeFi Llama showing that there is now $123.33 billion worth of total locked-up value in DeFi protocols as of today. In its short lifespan, the Liquity Protocol has pushed itself up to rank 26 in the top 100 DeFi protocols with $1.06 billion in TVL. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/liquity-protocol-attracts-1b-tvl-in-just-10-days\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Liquity Protocol attracts $1B TVL in just 10 days &#8221; The team behind Liquity Protocol \u2014 a DeFi project launched on April 5 \u2014 has attracted $1 billion worth of locked up value according to data from Dune Analytics. From $0 to $1B TVL in 10 days Here&#8217;s some charts highlighting Liquity&#8217;s growth so&#8230;<\/p>\n","protected":false},"author":1,"featured_media":228257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvM2QwNWYyZTQtOGVmMC00ZDM0LTg3MTItYzBmOWIxNmE5MTdhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74868,77595,117],"class_list":["post-228256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-defi","tag-lending","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/228256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=228256"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/228256\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/228257"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=228256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=228256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=228256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}