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Liquity

Airdrop

How to increase your chances for a Liquity airdrop.
Liquity
Ethereum
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Description

Liquity is a decentralized borrowing protocol that offers users interest-free loans against Ethereum collateral.

Its main features include a stablecoin, LUSD, pegged to the US dollar, and the LQTY token, which serves as a secondary token capturing fee revenue.

Recently, there have been discussions about a potential airdrop of LQTY tokens to early users and LQTY stakers.

The project operates without governance systems, aiming to provide a seamless and efficient decentralized lending experience.

Instructions

While there is no officially announced airdrop specifically for Liquity V2, Liquity users may be eligible for multiple airdrops through licensed forks of the protocol. Licensed forks will contribute 4% of their token supply to incentivize Liquity ecosystem participants, with LQTY stakers being the primary beneficiaries. Some confirmed licensed forks examples include:

Please note, none of the licensed forks are guaranteed to succeed, some may fail and some may be massive. Do your research and monitor your investments carefully. See this tweet for more information.

Getting Started

Required Assets:

  • ETH for gas fees
  • LQTY (governance token)
  • LUSD (Liquity's stablecoin)

Actions:

  • Visit the Liquity Protocol Frontend
  • Stake LQTY tokens
  • Provide liquidity to the Stability Pool
  • Monitor official channels for new information

Potential Benefits:
By participating in both LQTY staking and the Stability Pool, users can:

  • Receive multiple fork airdrops
  • Earn LUSD and ETH from protocol fees
  • Purchase ETH at discounted prices from liquidated troves

Monitor Liquity V2 Developments

  • Mainnet Launch: Liquity V2 is currently live on the ETH Sepolia Testnet, with the mainnet launch anticipated soon.
  • Licensed Forks: Stay informed about licensed forks deploying Liquity V2 on various networks, such as QuillFi, AsymmetryFi, Virtue, Nerite, BeraBorrow, and Felix.

Transition to V2 and Licensed Forks

  • Explore New Opportunities: Once Liquity V2 and its licensed forks are live, assess their features and benefits.
  • Diversify Participation: Consider engaging with these platforms to diversify your DeFi activities and potentially enhance your rewards.

Important Considerations

  • Airdrop Eligibility: While participating in Liquity V1 may increase your chances of receiving airdrops from V2 forks, there are no guarantees.
  • Due Diligence: Thoroughly research each platform's security, functionality, and community reputation before committing your assets.
  • Stay Updated: Regularly check official channels for announcements regarding launches, airdrops, and other opportunities.

By following this strategy, you position yourself to benefit from both the established Liquity V1 platform and the forthcoming innovations in Liquity V2 and its licensed forks.

Airdrop Start Date:
Airdrop End Date:
Added On:
December 24, 2024
Last Update:
December 27, 2024
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