What Is Liqwid?
Liqwid is an open source, algorithmic and non-custodial interest rate protocol built for lenders, borrowers and developers.
Users can securely earn interest on deposits and borrow assets with ease while earning yield on ADA from four yield streams.
Liqwid Unique Features
Earn
Assets held within the Liqwid market contracts earn APY’s based on the market demand for that asset; put your crypto to work and earn by the block.
Transparent and Permissionless
Anybody can access immutable money market smart contracts directly on-chain; participate in non-custodial markets and keep your keys.
Crypto-backed Loans
Borrow any asset supported by the protocol against your qToken balance instantly with no trading fees and no slippage at a competitive APR directly on the Cardano blockchain.
Global Liquidity Pool
Utilizing the Liqwid protocol unlocks access to a global liquidity pool for each asset. A borderless decentralized marketplace for lenders and borrowers built on Plutus smart contracts.
Stay Long Crypto
Unlock liquidity and remain long by tapping into the value of your crypto holdings to borrow stablecoins or crypto assets against it. This is the HODL way!
Fair Token Launch
The only way to earn LQ tokens is by using the protocol or receiving grant funds from the DAO Treasury. The LQ token generation event occurred in the 1st block of multi-asset support on Cardano using a timelock minting policy.
Powered by Cardano
The Liqwid protocol is powered by Cardano, a programmable UTXO blockchain built for deterministic, secure, and low-cost transactions for the next evolution of DeFi innovation.
DAO First
Liqwid DAO token holders utilize the governance smart contract to submit proposals and exercise their voting power democratically. LQ is the foundation Liqwid DAO governance and is staked as a reserve asset in the Safety Pool, generating additional yield for LQ holders.
Roadmap
Q4 2021
- CTL code contributions & testing
- Plutarch code contributions & testing
- Plutus/Plutarch open source libraries
- Liqwid community discord airdrop
Q1 2022
- Market lend/borrow Plutarch contracts
- Agora v1 on-chain governance Plutarch contracts
- App UI/X development
- Liqwid community governance
Q2 2022
- Decentralized batching system
- Liquid Staking Validators spec/MVP
- Interest accrual & qToken specs/MVP
- Liqwid Aquafarmers NFTs Mint
Q3 2022
- 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
Q4 2022
- Agora mainnet beta launch
- Liqwid v1 security audit
- Liqwid v1 mainnet beta launch
- LQ Community Distribution
Q1 2023
- Agora v2 testnet
- Secondary product offerings
- Plutus DeFi SDK
- DeFi and DeID integrations
Token economy
LQ tokens can be staked in the Safety Pool to earn a percent of protocol revenue from borrower interest repayment.
2Buyback and deflationary halvening built into LQ token emission schedule to reward early protocol adopters & community members with increased APY.
370% of total LQ allocated for community distribution (genesis epoch until end of year 3) and 5% seeded to the DAO Treasury contract (75% of total tokens in hands of the community)
4Fair token launch.
Detailed Token Metrics
TBA
Token Distribution
Total supply: 21,000,000
- User distribution: 60%
- Core team: 15%
- Yield Farming: 10%
- DAO treasury: 5%
Token Release Schedule
TBA
Partners & Advisors
TBA
Team
TBA
Investors
Cfund, Double Peak, Animoca Brands, Shima Capital, Genblock Capital, Altonomy
