DeFi Lender Liquity Unveils New Stablecoin With User-Set Borrowing Rates in White Paper
Summary
Liquity's upcoming upgrade, Liquity V2, will introduce an overcollateralized stablecoin called BOLD, backed by liquid-staking tokens of ether (ETH). This will allow users to set interest rates for loans, a first in DeFi. The new stablecoin aims to address the limitations of LUSD, the existing stablecoin, by providing flexibility to adapt to changing market environments. The upgrade is scheduled for late in the third quarter of this year.
