1/3 🧵

Making DeFi frontends great again through lApps

What if we told you that you could run your own private @uniswap frontend locally and benefit from:

- Stronger security 💪
- More control 🎮
- Lightning-fast loading ⚡
- and zero frontend fees 💸👀

Enter lApps! ⬇️

Pioneered by Liquity’s very own @edwardmulraney , we propose a shift to a self-sovereign, trustless frontends via lApps (local apps).

lApps offer:
Regulatory compliance: No central frontend as each user runs their own private frontend, eliminating intermediaries ⛓️

Better security: The risks of DNS, domain, or server hijacks are lessened. 🛡️

Lightning-fast loading: Zero latency as lApps live on your device. ⚡

Update policy: Update on your terms, no forced updates. ✋

How does this compare to current approaches?

Check out our infographic ⬇️

What’s the TL;DR?
- No third party hosts needed to serve you the frontend.
- Users serve their own private frontends, and there’s no reliance on a web server like AWS.
- DeFi Projects can continue doing what they normally do - writing regular frontend code to be executed in a regular web browser, and to publish on @github or @IPFS .

So considering all this, how do lApps work?

1/3 👇🧵
Currently, they require users to install third-party software like browser extensions or desktop applications.

But what if we could make running local apps as easy as clicking a link?

Imagine using the @uniswap frontend locally, through a click of a link.

This is already possible today without the Uniswap team changing anything on their side.

Take a look at our POC that demonstrates this ⬇️

2/3 👇🧵

Did you know that @justinsuntron was a few mins away from a $1bil liquidation

Did you know that @Tetranode provided the biggest redemption in Liquity's history?

& did you know that there will ALWAYS be $11m of LUSD liquidity on @CurveFinance ?

Time for a few stories... 📖

👇 Today, we'd like to go back on some Liquity folklore & share the stories of our Chads who, despite their Chadness, sometimes made mistakes

These chads are chads for a reason: they learn from it & tend to have mishaps that benefit the community

ft. @Tetranode, 0x71 & more

🧵👇

Liquity basics in 4 short tweets 👇

1️⃣ Values of Liquity
2️⃣ Liquity Protocol
3️⃣ LUSD stablecoin
4️⃣ LQTY token

A quick refresher for the new community members that joined recently.

👉 Learn more about #Liquity in 4 tweets in <1min. A🧵 1/ Liquity embodies the true ethos of crypto from day one:

✅ Decentralized (Liquity is credibly neutral)
✅ Immutable (no multi-sig, no upgrades)
✅ Governance-minimized (no DAO & governance drama)

Why is it important? This means less risk for you.

Stakers of LQTY can earn fees from two fronts:

Loan issuance (in LUSD)
Redemptions (in ETH)

But how can you earn & use LQTY in DeFi?

A 🧵 on:

- Earning LQTY
- DeFi with LQTY
- Liquifrens

Let's dive in👇 1/ Earning LQTY

LQTY can be earned by users through 2️⃣ ways:

- Depositing LUSD into the Stability Pool
- Frontend operators that earn a 'kickback rate' from stability pool deposits ✅

Anon, can you remind me what the stability pool is? 🤔

February = number go up? 🤔

Not sure about the markets, but it certainly applies at LiquiFrens!

A 🧵 on:
- LiquiFrens ⭐
- Getting involved for Feb (hint: there is more budget available💰)

Anons, the clock starts now 🫡

PS - The two January proposals have reached quorum 🔥 Before jumping into things, a brief reminder of what LiquiFrens is:

It is a grants program that will provide funding for user-made proposals

$LQTY holders vote on which proposals get funded, thus making it a community driven initiative

So, what's the budget for February?

Why is LQTY's weekly APR currently 44%?

A 🧵 on how the LQTY token works, and how stakers can earn yield in two of the most unstoppable tokens around:

- LUSD 💵
- ETH 🦇🔊

A quick refresher 👇 🧵 Stakers of LQTY can earn fees generated on two fronts:

Loan issuance (paid out in LUSD)
Redemptions (paid out in ETH)

So how come the sudden huge spike in yield for stakers this week?

👇

The @Balancer governance just approved the addition of $BAL rewards to the "Trinity" pool - $LUSD / $wETH / $LQTY - gauge

🙏 Thanks, to the ballers for their support: looking forward to the next steps!

It's an essential part of LUSD's liquidity strategy, a quick thread👇️

1/7 So far, the main liquidity source for $LUSD is @CurveFinance LUSD/3CRV pool, a staple to sustain stablecoins' liquidity

However, with LUSD's premium, the stableswap formula is not as efficient as it could be

Having x*y=k type LUSD liquidity can help improve the situation

2/7

Decentralized 👏 finance 👏 needs 👏 decentralized 👏 money

$1 LUSD = $1 on Liquity, forever and always ⛓️

With LUSD being above peg at $1.03, what does this mean? 💡

It becomes all the more interesting for DAOs that have large ETH treasuries 🧵 When LUSD is at $1.00 Liquity's maximum leverage ratio for users longing ETH is 11x (110% min LTV).

At the current price of 1.03, it makes the maximum leverage ratio increase to 15.72x - meaning that you can leverage up an extra 4.72x at no extra liquidation risk!

📣 The shenanigans of CeFi may cause some weariness, but the builders in DeFi Land keep chugging along 🚆

A quick 🧵 on all the exciting new possibilities in DeFi involving Liquity & our DeFi frens over the past few weeks that you don't want to miss 🔥 👇 1/ @StargateFinance now supports LUSD transfers between selected chains (@optimismFND and Ethereum). They also have STG rewards up for grabs for LPs 👀

https://twitter.com/StargateFinance/status/1592953795352629248?s=20&t=dY771gZNmppoB180-5wyoA

📣 To LQTY holders

@GrizzlyFi has announced an airdrop to all LQTY holders They have forked & modified Liquity to offer a stable Franc (DCHF) and they will accept Convex stablecoin positions as collateral in the near future.

We are pleased to see a friendly fork that gives something back to our community 🙏

Why did we build Chicken Bonds?

If you know anything about Liquity, we strive on innovating with maximum efficiency & utmost resilience.

We noticed that there had to be a way to capture protocol owned liquidity efficiently and sustainably.

Enter @ChickenBonds Chicken Bonds introduce a new, innovative form of bonding, while offering amplified yield and trading opportunities for LUSD holders while stabilizing the LUSD price

We're excited to launch this game-theoretic project, which also brings NFTs into the mix👀

What sets it apart?👇

Want to be a Liquity Ninja? 🥷

Here is a 🧵 with top Liquity Resources that will level you up⚡

A packed list bringing you the best videos, articles and threads covering:
- Protocol basics
- Farming
- Analytics
- Exchanges
- On/off ramps
- Alerts

and more.

Let's go👇

1/ First things first.

If you have a question about Liquity it most likely has already been answered in our docs: docs.liquity.org

Just use the search bar and be on your way

2/

Merits of Decentralization ⭐ 1/10

As our dear friend @LUSDBULL1 mentioned in their thread below, decentralization within stablecoins is a spectrum.

Time to dig in and see what makes $LUSD the most decentralized & unstoppable stablecoin

https://twitter.com/LUSDBULL1/status/1563220450196369408

2/
Point 1️⃣ - Are there people that have admin control over the project?

Liquity is an immutable and autonomous system. It is not dependent on an entity or DAO that manages assets, or changes parameters. All users are treated as equal - there is no information asymmetry

During the last few days, we've shared two threads covering how the merge will impact Liquity, both on the main ETH2 (PoS) chain, and the ETH-PoW fork.

We've received additional questions regarding the front ends, so here's one last thread to answer them

1/9 Let's start with the situation on the ETH2 (PoS) chain

Liquity front ends should work as normal as long as nodes and node providers upgrade their clients correctly
It will be similar to previous Ethereum upgrades in that regard

Here again, it'll be messier on the PoW chain

2/9

We've seen a lot of speculation around Crypto Twitter lately about what will happen with Liquity on the PoW chain.

Because of its trustlessness and immutability, $LUSD is one of the few stable expected to have some value on the PoW chain

Let's unpack *possible* scenarios

1/13 First, let's start with the easy stuff: the PoW chain will not implement any change at the network level compared to the current #Ethereum mainnet, unlike the PoS chain.

However, at the dApp level, it's a wholly different story!

2/13

Running a DAO?
Want to pay your contributors in $LUSD?

Or maybe just want to have your funds in unstoppable assets like $ETH & $LUSD, and still be able to manage your living expenses in a convenient way?

A thread...

1/x In this thread we’ll show you offramp options directly from your wallet using $LUSD and @viaMover.

You'll learn how to:
- Top up your debit card with $LUSD
- Send funds to your bank account via IBAN
- Pay DAO contributors / protocol employees

2/x

(1/16)
July Update (including Tornado Cash events)

The last couple of weeks have been a whirlwind, so we thought it would be great to give the Liquity community a quick recap of the events with a quick thread 🧵 (2/16)
As a result of @circlepay freezing all $USDC in the Tornado contract, users of some dApps in the space who had interacted or received any funds from Tornado had issues interacting with frontends:

https://twitter.com/justinsuntron/status/1558397647165091840

Chicken Bonds: Self-Bootstrapping Liquidity

After half a year of intense research and development, we’re excited to unveil an unprecedented #DeFi mechanism enabling projects/DAOs to bootstrap protocol-owned liquidity (POL) for their token at no cost!

chickenbonds.org Chicken Bonds explore a novel principal-protected bonding mechanism that boosts the yield opportunities for end-users, enabling them to acquire newly issued bTokens in return for their bonded tokens

Holders of the bTokens earn amplified yield compared to staking the underlying.