Liqwid Finance
Liqwid is an algorithmic, non-custodial liquidity protocol that enables users to earn interest by supplying assets and borrow Cardano-native assets. Protocol users can interact with money markets, which are implemented through a set of smart contracts that pool liquidity. When users call the minting function of a market contract, they supply assets and become lenders; when users call the borrowing contract, they can borrow against the supplied assets as collateral and become borrowers.Liqwid DAO token LQ gives protocol users voting rights, enabling them to participate in the protocol’s decentralized governance; after being staked, the token also serves as a reserve asset, generating LQ stakers two layers of returns: liquidation profits and a share of total revenue.
Overview
Liqwid is an algorithmic, non-custodial liquidity protocol that enables users to earn interest by supplying assets and borrow Cardano-native assets. Protocol users can interact with money markets, which are implemented through a set of smart contracts that pool liquidity. When users call the minting function of a market contract, they supply assets and become lenders; when users call the borrowing contract, they can borrow against the supplied assets as collateral and become borrowers.Liqwid DAO token LQ gives protocol users voting rights, enabling them to participate in the protocol’s decentralized governance; after being staked, the token also serves as a reserve asset, generating LQ stakers two layers of returns: liquidation profits and a share of total revenue.
Team
Team information has not been disclosed.