Liquity

Liquity V2 Redeployment Update 🛠️

This week → judges reviewing @cantinaxyz submissions & patching 🤓

Next week → @chain_security & @dedaub re-audits 🛡️

Mid May → mainnet redeployment 🚀

The BOLD wait will soon be over 🟢

Liquity V2 Redeployment Update 🛠️

This week → judges reviewing @cantinaxyz submissions & patching 🤓
Next week → @chain_security & @dedaub re-audits 🛡️
Mid May → mainnet redeployment 🚀

The BOLD wait will soon be over 🟢

Your yield-bearing DeFi savings account - $sBOLD

What if one asset could capture both, Liquity V2’s native yield and the fork points meta?

When Liquity V2 relaunches, @k3_capital's $sBOLD goes live too — offering exposure to:
→ A passive, yield-bearing stablecoin and collateral
→ Tap into Stability Pool rewards from forks
→ Auto-compounds ETH yield into BOLD

One asset. Real yield. Exposure to V2 forks.

The Liquity V2 fork @felixprotocol on @hyperliquid has added a flavor of BTC as collateral.

💡 It’s the only place on @hyperliquidx where you can mint a stablecoin against both $HYPE and $UBTC - at an interest rate you set.

Use it.
Earn yield.
Stack points.

Check it out:

The @arbitrum-native fork of Liquity V2, @NeriteOrg, is launching soon.

• Borrow USDN against ETH, ARB, LSTs, LRTs (like weETH, rsETH)
• Set your own interest rate
• Stream USDN via @Superfluid_HQ - ideal for salaries, and rewards
• The ARB used as collateral can still be delegated 👀

💡 Pro tip: Mint, stake, or LP USDN early to earn points toward $NERI

SPACES alert 🚨

Join us tomorrow at 2PM UTC for a Spaces with @felixprotocol, the first Liquity V2 friendly fork on @HyperliquidX.

We'll talk about:
- their launch and use cases
- their rewards program 👀
- and more!

An update on the $350k Liquity V2 competition on @cantinaxyz 👇

• Three weeks in, and 733 participants have taken part 👀 (one of the largest)

• $350k prize pool still up for grabs

Liquity V2 code base seems to be giving a tough time to researchers 👇

The @HyperliquidX Liquity V2 fork, @felixprotocol is now live on Hyperliquid EVM.

• Borrow against HYPE at highest LTVs and at an interest rate of your choosing
• Mint feUSD and deploy it on the Stability Pool to earn interest revenues and liquidation gains

💡 There is a points program towards future rewards 👀

A flavor of Liquity V2 on @HyperliquidX is here.

Liquity V2 forks are going live!

Liquity V2 officially relaunches later in Q2 - but you don’t have to wait to see it in action.

3 forks built on the V2 codebase are launching this April, each with incentives galore to boot 👀

1️⃣ @felixprotocol on @HyperliquidX
• Borrow against HYPE, Unit BTC, ETH, and SOL at an interest rate of your choosing
• Mint feUSD and earn via Stability Pools or LP it with other stables

2️⃣ @Neriteorg on @arbitrum
• Immutable contracts—no upgrades, ever
• Native streaming via @Superfluid_HQ
• Borrow USDN against ETH, LSTs, LRTs (e.g., weETH, ezETH), and ARB

3️⃣ @DeFiDollar on Mainnet
• Use AAVE, CRV, LDO, LQTY & more as collateral to mint DUSD
• A stablecoin backed by the tokens that power DeFi

The CDP renaissance starts soon.

Liquity V2 forks are going live!

Liquity V2 officially relaunches later in Q2 - but you don’t have to wait to see it in action.

3 forks built on the V2 codebase are launching this April, each with incentives galore to boot 👀

1️⃣ @felixprotocol on @HyperliquidX
• Borrow against HYPE, bridged WBTC, ETH, and SOL at an interest rate of your choosing
• Mint feUSD and earn via Stability Pools or LP it with other stables

2️⃣ @Neriteorg on @arbitrum
• Immutable contracts—no upgrades, ever
• Native streaming via @Superfluid_HQ
• Borrow USDN against ETH, LSTs, LRTs (e.g., weETH, ezETH), and ARB

3️⃣ @DeFiDollar on Mainnet
• Use AAVE, CRV, LDO, LQTY & more as collateral to mint DUSD
• A stablecoin backed by the tokens that power DeFi

The CDP renaissance starts soon.

Liquity V2 Audit Competition begins tomorrow!

Just 24 hours until the Liquity V2 $350K security competition begins on @cantinaxyz

Learn more on the scope and the rewards on offer here:
https://cantina.xyz/competitions

Liquity V2 Code Update & Audits

The V2 issue has been fixed, and the updated code is now public.

The changes have been thoroughly audited by the likes of @chain_security , @coinspect , @getreconxyz and @dedaub .

To further reinforce the code, a multi-week audit competition will begin soon on @cantinaxyz.

Redeployment will follow the audit competition in Q2, with the date TBD.

Link to the repo:

Liquity V2 Redeployment Update and Audit Contest

We now have an updated timeline for the redeployment of Liquity V2!

Next Week: Publication of the updated and patched V2 codebase

March - April: Hosting of a multi-week audit competition

Q2: Redeployment of Liquity V2 on Mainnet

Since Liquity V2 will be deployed as an immutable protocol, it is of the utmost importance to ensure proper and safe functioning under all circumstances.

The issue found in V2 revealed how deeply hidden edge cases can be, and how sophisticated the approaches to uncover them must be.

We believe we can best address this by adding an extra level of scrutiny by doing an open audit competition on the deployment-ready codebase. Security must be the first priority of an immutable deployment, and thus we believe a minor postponement to be an acceptable tradeoff.

The competition will be held via an audit platform, with further details to be shared shortly.

Lastly, teams who are forking Liquity V2 will be free to proceed at their own cadence once the patched codebase has been made publicly available. These teams will have access to audit competition results, and any resulting patches needed to upgrade their mutable deployments.

Please note that these teams will only consider activity from the initial Liquity V2 deployment up until February 12th, when the initial notice of a potential SP issue was given, as eligible for reward programs.

Liquity V2 Redeployment Update

The Liquity V2 Stability Pool code changes are currently being audited and the updated system will be redeployed in mid-March.

In preparation for the relaunch, users should follow these steps:

- Stability Pool depositors should withdraw from the pools

- Borrowers should repay their loans

- Excess BOLD should be sold via secondary markets

Redemptions are increasing.

As TVL shrinks, volatility will increase.
Close your borrow positions in preparation for redeployment.

Liquity V2 Redeployment in Mid-March

A fix for Liquity V2 has been developed, and auditors will begin their review at the end of next week.

Once the audits are complete, Liquity V2’s redeployment is planned for mid-March.

What does this mean for current Liquity V2 users? 👇

- The current deployment of Liquity V2 will become a legacy protocol

- Liquity V2 Stability Pool depositors should close their positions immediately.

- Liquity V2 Borrowers should close their loans while liquidity conditions for $BOLD remain favorable.

- BOLD holders without a loan position should sell their BOLD.

Liquity V2 Redeployment Update

A fix for the issue in the Stability Pools raised regarding Liquity V2 is in development, and audits are scheduled to begin at the end of next week.

Liquity V2 will be redeployed, and users will be encouraged to reopen their positions on the new contracts.

What does this mean for current users?

- Liquity V2 Stability Pool depositors should close their positions. Immediate action is strongly advised, as there is an issue that could result in the loss of funds held in these contracts.

- Liquity V2 Borrowers should close their loans while liquidity conditions for BOLD remain favorable.

- BOLD holders without a loan position should sell their BOLD (more below).

If BOLD is above $1, BOLD holders should consider:

- Selling their BOLD using Curve, Uniswap, Balancer or a dex aggregator

- Providing single sided liquidity on Uniswap in ranges which they find attractive

- Setting limit orders on aggregators like Cow Swap

Yesterday’s issue with the Stability Pools (“Earn”) on Liquity V2 has been confirmed.

Users are strongly advised to close their Stability Pool (“Earn”) positions in Liquity V2. To the team’s knowledge, no users have been impacted and the issue is isolated to the Stability Pool (“Earn”).

All other parts of the system are unaffected (“Borrow”, “Multiply” and “Stake”) and BOLD remains fully backed and redeemable.

The Liquity V2 protocol will be redeployed with a patch.

We will update via our official channels (Discord, Twitter) next week.

Yesterday’s issue with the Stability Pools (“Earn”) on Liquity V2 has been confirmed.

Users are strongly advised to close their Stability Pool (“Earn”) positions in Liquity V2.

To the team’s knowledge this issue has not been exploited, no users have been impacted and the issue is isolated to the Stability Pool (“Earn”). All other parts of the system are unaffected (“Borrow”, “Multiply” and “Stake”) and BOLD remains fully backed and redeemable.

The Liquity V2 protocol will be redeployed with a patch.

We will update via our official channels (Discord, Twitter) next week.