Liquity looks like a much anticipated project with a significant VC backing. Their Medium article says launch is today, 4/5/21, and users can stake ETH, mint LUSD, contribute to a stability pool and earn LQTY tokens. There will also be an incentivized LUSD:ETH pool on Uniswap (likely higher rewards for risk of IL).
Here’s the Liquity Schelling points:
Liquity offers the best borrowing conditions on the market with the main benefits being:
- 0% interest rate
- A collateral ratio of just 110%
- Governance free - all operations are algorithmic and fully automated
- Directly redeemable - LUSD can be redeemed at face value for the underlying collateral, always and at any time
- Censorship resistant - the protocol is controlled by nobody
Another stablecoin in a busy week…we’ll see how this goes!
DeFiat has a nice single asset staking opportunity, AnyStake, for lots of different tokens. It’s almost a sure thing you’re holding or can quickly borrow one of the assets to maximize yield of the DFT token. These projects can be very lucrative early because the staked assets usually appreciate in value against ETH, and you also earn rewards. I personally bought KINE, staked at 600%, and am anticipating KINE will go up when word spreads about this new farming opp.
They recently passed an audit with flying colors so this seems like a solid farm to ape into. DFT is a governance token that gets burned based on the number of transactions made. Governance controls the burn mechanism. Farmers have a Sophie’s choice between selling for ETH and holding to let others sell and the price go up! Keep in mind each time you remove liquidity/unstake from the protocol, there is a 5% fee.