Liquity

What is Liquity?

Liquity is a decentralized borrowing protocol enabling users to obtain interest-free loans 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 LUSD 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 LUSD 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 15 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 LQTY stakers, with potential rewards also extending to 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.

Step-by-Step Guide:

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
    • Swap some ETH for LQTY (governance token)
    • Obtain LUSD (Liquity’s stablecoin)
  2. Stake LQTY Tokens
    • Connect your wallet to an official Liquity frontend
    • Navigate to the Staking section
    • Click “Start Staking”
    • Enter your desired LQTY amount
    • Confirm the transaction
  3. Provide Stability Pool Liquidity
    1. Go to the Stability Pool section
    2. Click “Deposit”
    3. Enter your LUSD deposit amount
    4. Approve and confirm the transaction

Maximizing Your Rewards

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

  • Earn multiple fork airdrops
  • Receive LUSD and ETH from protocol fees
  • Buy ETH at a discounted price with LUSD 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 15.

Do I need to stake both LQTY and provide LUSD?
While LQTY staking is confirmed for airdrops, providing LUSD to the Stability Pool may offer additional opportunities.

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 both LQTY staking and the Stability Pool, users can maximize their potential returns while contributing to the protocol’s stability.

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