Title: Liquity Proposal
Champions: Yves
Date: Aug 8 2021
Build a BanklessDAO frontend for the Liquity-interest-free loan platform.
Bankless will earn LQTY rewards distributed by the protocol, sharing part of the LQTY tokens generated by the BanklessDAO liquity platform
Liquity allows anyone to take out an interest-free loan against their ETH in the protocol's native crypto dollar, LUSD. Instead of paying interest, you pay a one-time borrowing or redemption fee when you open or close your position. Additionally, Liquity only requires a minimum collateral ratio of 110%, giving better capital efficiency and more downside protection during volatile markets
This proposal is intended to:
The mission of Bankless and BanklessDAO to help 1B of people to be "bankless" translates into both the educational part and making the tools available to people. Implementing Liquity, accompanied by appropriate supporting documentation, can certainly help this mission.
The Liquity project involves the development of following parts: