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Liquity, the DeFi borrowing project behind the LUSD dollar stablecoin, published its new codebase ahead of the platform’s upcoming V2 protocol release. The code revealed a slew of new upgrades, including a shift to managing LUSD borrow positions as NFTs.
Liquity lets you borrow interest-free LUSD loans against ETH in “Troves,” a.k.a. collateralized debt positions (CDPs).
With Maker’s recent Sky Protocol rebrand marking an expansive pivot away from the popular DAI stablecoin, many DeFi users are hungry for a solid, simpler alternative for their decentralized stablecoin needs.
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