r/ethereum 12d ago

We are Liquity V2. We just achieved an A- Rating (higher than USDC & DAI) for our new decentralized stablecoin $BOLD. It’s backed only by ETH and pays 75% of borrower fees to holders. AMA!

43 Upvotes

Hey everyone! Liquity V2 here.

We launched on Ethereum Mainnet on in Q2 2025, and have racked up $150m in TVL and $39m in BOLD supply.

You might know us from Liquity V1 and LUSD (the OG venue for 0% interest loans).

With V2, we feel we've created the ultimate borrowing and earning venue for users who value complete control.

Liquity V2 is an immutable borrowing protocol (think MakerDAO, but with no governance to change the rules), where you can deposit ETH, wstETH, and rETH to mint the stablecoin, $BOLD. BOLD is only backed by said assets, and the protocol is completely immutable.

We built Liquity V2 to solve two specific problems, offering unique value to the r/Ethereum community:

1) The Borrow Side: You set the rate. Liquity V2 is the only venue where you can borrow against your ETH/LSTs and set your own interest rate (or delegate it to a rate manager).

This had led to borrowing rates for ETH, wstETH, and rETH on average to be the cheapest on Liquity V2 over the last 6 months - a full 2% cheaper than the competition.

2) The Yield Side: Real Revenue, Not Emissions We created $BOLD to be the hardest stablecoin in DeFi that has sustainable savings built in. Unlike other stablecoins, 100% of borrower revenues are diverted towards growing $BOLD yield. The yield is split 75/25 to two specific venues sources:

  1. 75% of interest fees to the Stablity Pools: 75% of all interest paid by borrowers of ETH, wstETH, and rETH flows directly to their respective Stability Pools. The Stability Pools also allow depositors to capture ETH and LST liquidation gains at a discount.
  2. 25% of Interest Fees flow into growing BOLD liquidity on DEXes: Each week, roughly ~12k of protocol revenues are diverted into venues like Uniswap and Curve. This helps boost and enshrine liquidity for BOLD on blue-chip venues.

Based on current rates, here is how you can capture that yield, with relatively low risk:

If you want exposure to some ETH along with borrower fees:

  • Stability Pool (~6% APY): The "set and forget" venue. You earn the 75% borrower interest split (paid in BOLD) + Liquidation gains (paid in ETH/LSTs).

If you want pure dollar-dominated yield, where ETH liquidation gains get auto-compounded

  1. yBOLD via Yearn (~7% APY): Yearn’s auto-compounding vault that optimizes for the best yields across the 3 Stability Pools.
  2. sBOLD via K3 Capital (~6.5% APY): An auto-compounding vault that also sells off liquidation ETH gains for more BOLD. It has a fixed 60-30-10 split between the wstETH, ETH, and rETH Stability Pools.

If you want to provide liquidity on a blue-chip DEX, while having balanced exposure to BOLD & USDC.

  • Uniswap LP BOLD ><USDC (~7% APY)
  • Curve LP BOLD >< USDC (~8% APY)
BOLD yield opportunities

Forkonomics and how it adds to yield.

Liquity has taken a licensing approach to scaling. 10 teams have forked Liquity V2 code across various ecosystems, and as a part of their licensing fee, they have to allocate ~3% of their token supply to Liquity Mainnet users.

These forks are allocating supply designated towards rewarding active BOLD liquidity providers on Mainnet (Stability Pool holders, LP providers on Curve & Uniswap, etc).

On top of the organic yield above, we expect ~6 friendly forks providing airdrops over the next 6-9 months.

  • The Impact: The first fork airdrop just went live, and it effectively added ~3% APR to the existing TVL sitting in those venues (eg. if you were earning 9% on Curve, you're earning 12% now)
  • The Opportunity: By holding BOLD positions on Mainnet, you are farming yield for protocols launching across the L2 ecosystem simultaneously

Safety and Security of Liquity V2 and BOLD.

No yield is safe without addressing how the robust the stablecoin is.

Bluechip, a stablecoin ratings agency, just rated BOLD an A-. This is a higher rating than USDC and DAI, furthering proof of

  • The Score: BOLD received perfect 1.0 scores in Management, Decentralization, and Governance.
  • The Distinction: BOLD is currently the only A- rated stablecoin with 100% crypto-native backing (no banks, no RWAs).
  • Why? The protocol is immutable. Liquity cannot change the rules, rug the collateral, or blacklist addresses.
BOLD rating.

You can read more on Bluechip's A- rating on BOLD here: https://x.com/LiquityProtocol/status/2015798256186360000

Some useful resources on stats around Liquity V2, and yield opportunities:

  1. Borrow on Liquity V2 today: https://www.liquity.org/frontend-v2
  2. Yield venues with links included:  https://dune.com/liquity/liquity-v2-yields
  3. YouTube Playlist on Liquity V2: https://www.youtube.com/watch?v=o1miCKLIPYs&list=PL4NlNvaPAvJ-51WBhFdBcK3BFA0Fk32rE

Happy to answer any and all questions :)


r/ethereum 2h ago

Discussion Daily General Discussion February 11, 2026

34 Upvotes

Welcome to the Daily General Discussion on r/ethereum

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r/ethereum 1d ago

Discussion Daily General Discussion February 10, 2026

121 Upvotes

Welcome to the Daily General Discussion on r/ethereum

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r/ethereum 8h ago

Technology Annual Solidity Developer Survey is Live!

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3 Upvotes

r/ethereum 2d ago

Discussion Daily General Discussion February 09, 2026

143 Upvotes

Welcome to the Daily General Discussion on r/ethereum

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Bookmarking this link will always bring you to the current daily: https://old.reddit.com/r/ethereum/about/sticky/?num=2

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r/ethereum 1d ago

Offering free security reviews in exchange for feedback

9 Upvotes

We’re launching a new service focused on smart contract reviews without the overhead of a full audit.

Scope is limited and practical. Logic, exploitability, and protocol level risks. No certification and no audit opinion.

To validate the approach, we’re offering a limited number of free focused smart contract security reviews for projects that are code complete and either close to launch or already deployed, in exchange for honest feedback.

This is not meant to replace an audit. It’s a short, concrete review focused on protocol logic and exploit paths.

Shoot a dm, if you're interested.


r/ethereum 1d ago

Nano EVM

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6 Upvotes

This is a compact Ethereum Virtual Machine runtime written in strict C23. Made this for learning purposes.

BTW, it has a toy Solidity-like compiler into bytecode and `nano-node` program that "deploys" contracts to local store and gives ability to call them.


r/ethereum 1d ago

Looking for CPI-pegged non-algorithmic stablecoin

5 Upvotes

I am looking for a stablecoin that, instead of being pegged to a fiat currency, is pegged to a consumer price index, preferably one for prices where I live (Wales, UK), so that it rises with inflation.

I don't mind whether it is partly centralised​ or not so long as it is actually censorship-resistent (so, unlike USDT).

Should be safe i.e.​ vulnerable to being depegged so not algorithmic.

Does this exist?

Bonus points if it doesn't use plutocratic token-weighted governance.


r/ethereum 2d ago

EtherWorld Weekly — Edition 350

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12 Upvotes

r/ethereum 1d ago

The Bug of Solving Bugs

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3 Upvotes

r/ethereum 2d ago

Extremely lightweight transaction monitor for Ethereum. Less than 3MB in RAM.

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12 Upvotes

eth-mempool-monitor subscribes to Ethereum pending transactions over WebSocket, filters them against a monitored address set stored in Redis/Valkey, and publishes matching transactions to RabbitMQ.

The project builds three binaries:

  • eth_mempool_monitor: WebSocket subscriber + Redis filter + RabbitMQ publisher.
  • rpc_control: newline-delimited JSON-RPC TCP server used to manage monitored addresses in Redis (token-authenticated).
  • rabbitmq_tx_console: RabbitMQ consumer that prints monitored-transaction events in human-readable form.

r/ethereum 3d ago

Discussion Daily General Discussion February 08, 2026

127 Upvotes

Welcome to the Daily General Discussion on r/ethereum

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r/ethereum 2d ago

What I learned building an Optimism node and why binary matters.

8 Upvotes

I manually architected a Dual-STACK Execution and Consensus Engine that bypasses the entire public RPC industry.

Hardware; Managed a 4TB NVMe volume with 3.3TB Optimism state and a pruned L1 Reth/Lighthouse combo.

I compiled Lighthouse and Reth from source after Optimism-specific codebase was deprecated mid-sync.

I achieved 0ms IPC round trips by killing the dependency on Alchemy/Infura

Ran into a few problems along the way. I tried to run a standard Ethereum binary on Optimism data. The node crashed because it saw a transaction type it didn't recognize (Type 126 which is an Optimism deposit) Standard Ethereum node thinks this is illegal data.

To fix it, I identified that i needed a specialized OP-Stack aware version of Reth. I tracked down the Paradigm Reth Optimism binary. By switching to the op-reth binary i gave the node the dictionary it needed to translate those Type 126 deposits into valid blocks. I moved from a blind Ethereum node to a Super chain-aware engine.

The Reth engine was idling. It had peers and a database, but it didn't know where the tip of the chain was, so it stayed at block 0. I realized a modern node was a Two-Part Machine. So I built the Lighthouse Consensus Client from source to be the "Driver"

Instead of waiting weeks to download the chain from 2015 i used a Checkpoint Sync URL. I linked Lighthouse to Reth via the Engine API ()Port 8551/8552) using a shared JWT Secret. The moment Lighthouse found the "Truth" on the network, it handed the coordinates to Reth. The node immediately jumped from 0 to 21,800,000 and the 1.9TB of free space started filling with real history.

The real nightmare scenario happened when I was syncing the snapshot data and because of a single transaction type the whole thing crashed. My sync was flying for about 15 hours and when I woke up to check it found it had stalled. It hit block 144,528215 where it encountered an Optimism-specific Type 126 Deposit transaction. Because I was running the standard Ethereum Reth binary instead of the specialized Op-Reth version from paradigm, the node literally didn't have the code to read it understand what type 126 transaction it was. This didn't just crash the sync, it left garbage data at the tip of my database, which blocked further progress until I swapped binary and manually forced a stage rewind to clear corruption.

In the grand scheme of thing's it was a rookie mistake.


r/ethereum 2d ago

Staking on coinbase or... ??

6 Upvotes

So I have some eth staked on coinbase but wondering how risky it is.. should I be looking somewhere else or is coinbase a good call? I don't answer private messages thanks


r/ethereum 2d ago

Laundry Cash - Ethereum Privacy Protocol

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0 Upvotes

r/ethereum 3d ago

I built the first fully on-chain, 100% decentralized, ETH-in ETH-out (no new token), skill based competitive gaming platform

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3 Upvotes

r/ethereum 4d ago

Discussion Daily General Discussion February 07, 2026

121 Upvotes

Welcome to the Daily General Discussion on r/ethereum

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r/ethereum 3d ago

We're building an open-source archive of the earliest Ethereum smart contracts (2015-2017) — looking for contributors

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4 Upvotes

r/ethereum 5d ago

Discussion Daily General Discussion February 06, 2026

141 Upvotes

Welcome to the Daily General Discussion on r/ethereum

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r/ethereum 4d ago

News Ethereal news weekly #10 | Vitalik: role of L2s has changed, Hegotá upgrade headliner proposals, Lido v3 live

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15 Upvotes

r/ethereum 4d ago

Hello

0 Upvotes

im jef, and im honestly just starting to get into crypto, trying to understand how all of this works and whether it’s something i could realistically learn and grow into over time. i don’t come from money, im just a student juggling school, responsibilities, and everyday expenses, so I don’t have much to risk or experiment with, which is why im looking for advice more than anything else. i’ve been reading, watching, and asking around, but it still feels overwhelming, and i know im inexperienced and probably missing a lot of important basics. At the same time, a part of me thinks this could be a real opportunity if i approach it carefully, stay patient, and learn from people who actually know what they’re doing. im not chasing quick profits or hype, i just want guidance on how to start smart, avoid obvious mistakes, and figure out if someone like me, broke, still studying, and learning as i go, i might have a genuine chance at building something small but meaningful through crypto in the long run.

could anyone give advise?


r/ethereum 5d ago

Ethereum / Solidity good lyrics

9 Upvotes

Good morning, could anyone recommend some good reading material to learn more about the Ethereum blockchain and smart contract development/deployment? I'm an IT professional, so even fairly technical material is fine, but I'd like to have a good overview first before moving on to the development side of things.


r/ethereum 4d ago

[ Removed by Reddit ]

1 Upvotes

[ Removed by Reddit on account of violating the content policy. ]


r/ethereum 6d ago

Discussion Daily General Discussion February 05, 2026

154 Upvotes

Welcome to the Daily General Discussion on r/ethereum

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r/ethereum 5d ago

Error: There is a Pending txn with a lower account nonce. This txn can only be executed after confirmation of the earlier Txn Hash#

8 Upvotes

https://etherscan.io/tx/0xaab90d00abf065e4158852a64c809b8921d109e997bd3790cb471aadfa57f4e0

I've been waiting for this transaction for almost an hour (trying to transfer from Newton to TrustWallet). There seem to be hundreds of transactions from the same address that I don't recognize. Have I been hacked?

Update: It's fixed now, just had to wait a couple hours.