 | 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 IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat 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.
DetailsToken supply: 21,000,000 LQRaised: 2,700,000 USD LegalBlockchain Platform: CardanoRegistration country: United States Registration year: 2021 Office address: Sheridan, Wyoming 82801, US | Token infoTicker: LQType: Utility-token Token distribution: 60% - User Distribution 25% - Core Team 10% - Yeld Farming 5% - DAO Treasure |
Liqwid Finance Roadmap
- CTL code contributions & testing
- Plutarch code contributions & testing
- Plutus/Plutarch open source libraries
- Liqwid community discord airdrop
- Market lend/borrow Plutarch contracts
- Agora v1 on-chain governance Plutarch contracts
- App UI/X development
- Liqwid community governance
- Decentralized batching system
- Liquid Staking Validators spec/MVP
- Interest accrual & qToken specs/MVP
- Liqwid Aquafarmers NFTs Mint
- Support for Vasil/Plutus v2 features
- Agora v1 security audit
- Liqwid Money Markets and batching system testnet deployment
- Agora v2 development
- Liqwid app UI/X end-user testing
- Liqwid APIs & SDK
- Oracle price feed and liquidation implementations
- Agora mainnet beta launch
- Liqwid v1 security audit
- Liqwid v1 mainnet beta launch
- LQ Community Distribution
- Agora v2 testnet
- Secondary product offerings
- Plutus DeFi SDK
- DeFi and DeID integrations
Project team
Advisors
Social media
