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Litquity has launched V2 version: supports users to set their own Interest Rate and introduces stablecoin BOLD
PANews January 24th news, according to The Block, Litquity, a lending protocol based on the Ethereum blockchain, has launched the second version of its application, Litquity V2. Liquity V2 will allow borrowers to choose their own interest rate when borrowing ETH from RocketPool or Lido and staking ETH. Liquity also launched a ‘non-dollar’ stablecoin called BOLD, which is fully backed by ETH and ETH derivatives. According to the documents, all revenue generated by Liquity V2 will be used for BOLD, with 75% allocated to the stability pool for depositors and 25% for ‘protocol incentive liquidity’ for liquidity providers.