Liqwid Finance (LQ)

Liqwid Finance is a non-custodial liquidity protocol for lending and borrowing with liquid staking on Cardano. To borrow, users must first supply an asset supported by the protocol to be used as collateral. When users supply assets to a market they mint qTokens at the prevailing exchange rate.

Seed Round: $2.7M

Whitepaper

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Interest lvl

Medium

Updated: Dec 15, 2022

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User Rating

Medium

3/5 • 1 votes

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Ticker

LQ

Type

Utility-token

FoundedUnited States

Registration countryUnited States

Registration year2021

Office addressSheridan, Wyoming 82801, US

Ecosystems

Cardano

What is Liqwid Finance

Liqwid is developing an open source and non-custodial liquidity protocol for earning interest on Cardano native assets and borrowing assets. The project’s main goal is to facilitate more efficient lending pools and interest rate curve products built on Cardano’s Plutus extended UTXO smart contract layer.

Users can leverage the protocol to deposit supported assets and tap into the time value of their crypto-assets without creating taxable events.

Protocol trading functionality will be available on Plutus mainnet shortly after the final Goguen update to the Cardano blockchain.

LQ represents the coordinating mechanism for community governance of the Liqwid protocol.

LQ is used to propose upgrades, vote and implement changes based on the outcome of Liqwid Improvement Proposals (LIPs). In addition to community governance, LQ can be staked within the protocol Safety Pool (SP) to provide security & insurance to the protocol and suppliers.

LQ stakers earn a portion of protocol revenue and staking rewards from the protocol.