Liquity, an Ether backed stable coin, created in Switzerland
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Show Notes
I talk to Micheal Svoboda, he is the COO of Liquity. Liquity is a collateralized back stable coin. It is backed by Ether. It is therefore completely different from Terra-Luna. Its closest relative is the Dai stable coin. However Liquity has 2 major advantages over Dai. First, it is interest free and second the minimum over collateralization rate is much lower, 110% compared to 150%. Micheal Svoboda describes how it works, their great success in just 2 years, regulatory issues and more.
Time stamps
02:10 What is Liquity and how it works
03:13 Different types of stable coins
06:26 Comparaison to Dai
08:42 Importance of price oracles
14:47 When Liquity started and its fast growth
16:07 How the fees serve the protocol
19:09 Why no interest rate
19:45 How they achieved such fast growth
21:50 Regulation and protocol independence from the company
22:32 Hook up with Bitcoin Suisse
23:58 Regulation FINMA and decentralization
27:17 How to open a position in LUSD
30:42 Three main use cases of LUSD
33:16 How my opinion of Defi has changed
40:30 Innovation in Defi
43:44 Defi and Tokenomics
45:50 Tokenomics, the commons and scaling
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Links
Liquity website
Micheal Svoboda
https://www.linkedin.com/in/michaelsvoboda2/
@svobodamichael
Metaforum in Lugano
https://metaforum.ch/?track=tsrtc
Descript
https://www.descript.com/?lmref=m0U0LA
Shift crypto
https://shiftcrypto.ch/bitbox02/?ref=W7XHHFMKYt
Blockfi
https://blockfi.mxuy67.net/6bRDLq
cointelegraph
https://marketspro.sjv.io/BXY1M9
braintrust
https://app.usebraintrust.com/r/didier3/
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