Interest-free liquidity unlocked
Borrow LQUSD against ADA at 0% interest.
Features
Bringing DeFi primitives to Cardano
110% Collateral Ratio*
LiqwidX's efficient liquidation engine allows users to mint the most LQUSD stablecoin against their ADA with 110% minimum collateral ratio
0% Interest Rate
LiqwidX implements a minimal, one-time fee to borrow LQUSD instead of variable interest rates.
1 LQUSD ≈ 1 USD
LQUSD is a stablecoin fully backed by on-chain assets and pegged to the US Dollar. The algorithmic fee calculation for redemptions and natural arbitrage for LQUSD vault owners helps sustain the peg.
Decentralized Governance
The community of LQX token holders will govern the LiqwidX protocol changes via the DAO governance module and treasury.
Our Team
DeFi and Haskell enthusiasts with deep experience building decentralized lending protocols on Cardano
Dewayne Cameron
Co-Founder
Florian Volery
Co-Founder
Emily Martins
Core Developer
William
Software Engineer
Mr.Chop Chop
Software Engineer
Ankur
Software Engineer
Tim
Graphic Designer
Roadmap
2021 (Q2)
Technical Specification, Vaults CDP Smart Contract, Stablecoin Economic Model, LQX Tokenomics
2021 (Q3)
Stability Pool, UTXO Endpoint Specification, Vault Mint/Repay Functions, LiqwidX Governance System, Minting Fee Algorithm, LiqwidX-SDK
2021 (Q4)
Internal Audit, Plutarch Contracts, Protocol Documentation
2022 (Q1)
Liquidation System, Redemption Mechanism, LiqwidX DAO Treasury, Frontend App Development
2022 (Q2)
Testnet Launch, Security Audit
2022 (Q3)
Mainnet Launch, Community Governance, LQUSD Staking (Stability Pool), LQX Staking
2022 (Q4)
Secondary Product Offerings, Partnerships & Integrations, LiqwidX v2 Development, LiqwidX Mobile App, LiqwidX Layer 2 Development,
FAQ
- 0% interest rate loan
- A minimum collateral ratio of only 110%
- The community of LQX holders govern the LiqwidX protocol, the smart contracts that power LQUSD
- LQUSD can be redeemed at face value for the ADA collateral during normal conditions
- Users interact directly with protocol functions onchain, once deployed on mainnet the LiqwidX v1 smart contracts are not controlled by anyone
- Deposit staked ADA in the Vault to earn Cardano staking rewards with your pool of choice
- Stake LQUSD in the Stability Pool and earn liquidation profits in addition to LQX rewards
- Stake LQX and earn a share of the protocol revenue from issuance fees (in LQUSD) and redemption fees (in ADA).