Liquity

    What is Liquity?

    Liquity is a decentralized borrowing protocol enabling users to obtain using ETH as collateral. What makes Liquity unique is its completely non-custodial, immutable, and governance-free design. The protocol maintains stability through its USD-pegged stablecoin BOLD and requires a minimum collateral ratio of 110%, making it one of the most capital-efficient lending platforms in DeFi.

    The protocol’s security model relies on a Stability Pool containing BOLD and a network of borrowers acting as guarantors of last resort, ensuring robust protection against defaults and market volatility.

    Liquity Airdrop Details

    Liquity users can become eligible for a significant airdrop program involving more than 16 licensed forks across different blockchain networks. Each licensed fork will contribute 4% of their token supply to incentivize Liquity ecosystem participants. The primary beneficiaries of these airdrops will be Stability Pool depositors.

    This multi-fork airdrop structure represents a unique opportunity for DeFi users to earn multiple token rewards through consistent participation in the Liquity ecosystem.

    Latest Update: Liquity is now live on Pendle. Liquity V2 has an attractive fork program that includes over 16 forks, each designed to reward $BOLD users. This has important implications for BOLD Pendle users: YT holders can earn approximately 7% in sBOLD and ysyBOLD yields, along with around 14× leveraged exposure to more than 20 fork airdrops.

    BOLD is now available on Hyperliquid EVM, allowing users to provide liquidity in the feUSD / BOLD / USDT pool on Curve Finance to earn Felix points. Felix Protocol will soon launch a dedicated points page for tracking accumulated points across both Hyperliquid and Mainnet networks. Users can begin earning points immediately through liquidity provision.

    How to Participate in Liquity Airdrops

    Prerequisites

    • ETH for gas fees and token purchases
    • Access to a Web3 wallet (Rabby reccommeded)
    • Basic understanding of DeFi operations
    1. Acquire Required Assets
      • Purchase ETH from Binance or your preferred exchange and withdraw to you wallet
      • Obtain BOLD (Liquity’s stablecoin)
      • Optional: Swap some ETH for LQTY (governance token)
    2. Supply BOLD to Stability Pools
      • Connect your wallet to an official Liquity frontend
      • Navigate to the Earn section
      • Select a Stability Pool
      • Click on the “+” button to supply BOLD
      • Enter the amount of BOLD to supply
      • Confirm the transaction in your wallet
    3. Provide liquidity for BOLD pairs
      • Fork projects are rewarding a percentage of their own tokens to LPs of the forked project’s stablecoin-BOLD pairs.
        • E.g., Felix points/tokens can be earned for supplying liquidity to the feUSD-BOLD liquidity pool.
    4. Stake yBOLD (optional)
      1. Yearn Finance have introduced yBOLD, a tokenized version of BOLD deposited in Liquity V2 Stability Pools, earning liquidation fees and protocol interest.
      2. Deposit BOLD into Yearn’s vault to receive yBOLD tokens.
      3. Stake yBOLD to receive st-yBOLD and earn stability pool rewards.
      4. Benefits of staking yBOLD:
        1. Auto-compounding: Liquidation rewards and protocol earnings are automatically re-invested into the Stability Pool, growing your position.
        2. Better yield optimisation: The allocation between the different stability pools is re-evaluated every 30 minutes. If there’s a more profitable allocation, the vault makes the change automatically.
    5. Stake LQTY Tokens (optional)
      • Connect your wallet to an official Liquity frontend
      • Navigate to the Staking section
      • Click “Start Staking”
      • Enter your desired LQTY amount
      • Confirm the transaction
    6. Use BOLD/sBOLD DeFi Integrations (optional)
      • Lend BOLD or sBOLD to the pools on Euler
      • Provide liquidity to the BOLD-USDC pool on Curve
      • Provide liquidity to the sBOLD on Pendle
      • Deposit sBOLD to get YT-sBOLD on Pendle (leveraged, high-risk play for airdrop exposure)
      • Provide liquidity to the sBOLD on Spectra Finance
      • Deposit BOLD to get YT-sBOLD on Spectra Finance (another leveraged, high-risk play for airdrop exposure)
      • Deposit into Gyroscope’s BOLD/waEthUSDC pool
    7. Monitor your Position on the Leaderboard 
      • Decide on how to allocate your funds across the different options
      • Check your position on the Liquity v2 Leaderboard

    Latest Update: Liquity V2 BOLD Ecosystem Vault Launch on Lagoon Finance

    The first Liquity V2 BOLD ecosystem vault has launched on Lagoon Finance, providing passive liquidity for $BOLD across 8+ chains.

    Supported Liquidity Pairs

    • feUSD / BOLD / USDC (Felix Protocol)
    • BOLD / USDAF / fxUSD / USDC (Asymmetry Finance)
    • BOLD / NECT / HONEY (Beraborrow)

    How to Participate

    1. Visit the vault
    2. Deposit BOLD tokens
    3. The vault automatically manages liquidity across multiple chains and protocols

    Key Details

    • Redemption Time: 1 day processing period
    • Rewards: 15+ Liquity V2 forks are rewarding BOLD LPs with tokens
    • Strategy: Automated cross-chain liquidity provision with fork stablecoins

    Maximizing Your Rewards

    By participating in the Stability Pool and LQTY staking, you can:

    • Earn multiple fork airdrops (monitor all potential fork airdrops with forqty)
    • Receive BOLD and ETH from protocol fees
    • Buy ETH at a discounted price with BOLD from liquidated troves
    • Generate ongoing staking rewards

    Frequently Asked Questions

    How many airdrops can I receive?
    You can potentially receive airdrops from all licensed forks, currently numbering more than 16. A full list of licensed forks can be found here.

    Do I need to stake both LQTY and provide BOLD to Stability Pools?
    While BOLD to Stability Pools is confirmed for airdrops, staking LQTY may offer additional opportunities.

    Will I receive airdrops if I only stake yBOLD?
    yBOLD offers a more efficient alternative to standard BOLD staking by auto-compounding and optimising stability pool deposits. Stakers of yBOLD will also earn airdrops, even if you don’t stake any BOLD.

    How long should I maintain my position?
    No specific timeframe has been announced. Consider maintaining your position until fork launches are completed.

    Conclusion

    The Liquity multi-fork airdrop program offers a unique opportunity to earn multiple token rewards through active participation in the ecosystem. By following this guide and maintaining positions in the Stability Pool, users can maximize their potential returns by earnings yield as well as getting exposure to 16+ airdrops from partner projects.

    You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!

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    Estimated Value

    n/a

    Tokens per Claim

    n/a

    Max. Participants

    Unlimited

    Overview