Liquity
Liquity AG is the Swiss developer of the Liquity borrowing protocol, issuer of the decentralized stablecoins LUSD (V1) and BOLD (V2), both backed by crypto collateral.
Products
LUSD is Liquity V1's decentralized US-dollar stablecoin, issued against ETH collateral under an immutable, interest-free borrowing model.
BOLD is Liquity V2's decentralized US-dollar stablecoin, backed by ETH and selected liquid-staking tokens, with borrower-set interest rates.
Overview
Liquity AG is the Zurich-based organization behind the Liquity borrowing protocol, a decentralized system for issuing US-dollar stablecoins against crypto collateral without a central intermediary.
Products
Liquity V1 issues LUSD against ETH collateral under an immutable, governance-free design. Liquity V2 introduced BOLD, backed by ETH and selected liquid-staking tokens, with borrower-set interest rates.
Regulatory Status
No issuer-level financial-services license or registration was identified for the protocol's stablecoins.
Funding
| Round | Amount | Year |
|---|---|---|
| Series A | $6M | 2021 |
Recent Activity
- 2025-05MilestoneLiquity V2 launched, introducing BOLD backed by ETH and liquid-staking tokens
- 2021-03MilestoneSeries A led by Pantera Capital; LUSD (Liquity V1) launched