Liquity V1
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Protocol TVL
About Liquity V1
Liquity V1 is a decentralized and immutable borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Liquity V1 tokenomics and on-chain capital
A further $18M sits in the protocol's native staking modules — these deposits are typically locked, vote-bonded, or earning a share of fees, and they reduce the freely circulating float that can hit the market.
Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.
Liquity V1 codebase lineage and protocol family
Liquity V1 is published as a versioned release inside the Liquity protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.
Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.
Security & Audits
Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.
Parent Protocol
Liquity V1 is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.
LiquityProtocol Profile
Liquity V1 is a CDP protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed on Ethereum. The codebase has been independently audited (2 reports on file).
TVL Distribution by Chain
TVL spans 3 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
Liquity V1 is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. Roughly 100% of its on-chain value sits on just three networks (Ethereum, Ethereum-staking, staking), so a fault on any one of them would affect a large slice of users. Price feeds come from a single oracle provider (Chainlink); an outage or manipulation of that feed would propagate into every market the protocol prices. Two audit reports are published on DeFiLlama, which is in line with typical practice for protocols at this scale.
Official Resources & Links
Verified external resources for Liquity V1 — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other CDP protocols on Mantapex
Liquity V1 is one of 7 CDP protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Sky Lending, USDD, Lista CDP, and 3 more. These peer protocols collectively secure $9.1B in deposits, giving you a frame of reference for whether Liquity V1's own TVL is at the top, middle, or tail of the category.
Treasury
Available Yields
| Project | Pool | APY | TVL |
|---|---|---|---|
| liquity-v1 | ETH | 0.00% | $179.6M |
Recent Liquity V1 news
Latest reporting from major crypto news outlets covering Liquity V1.
- Coingape
DeFi Lender Liquity To Undergo “Friendly Fork” In V2 Upgrade
Liquity, a Decentralized Finance (DeFi) lender is prepared to undergo a “friendly fork” as part of its v2 upgrade. Liquity v2 Set to Fix v1 Shortcomings In a blog post, the…
- Cryptopolitan
Liquity saw its native token (LQTY) jump around 11% after an April Fool's joke on acquiring Circle's USDC
Earlier today, Liquity Protocol ruffled some feathers after publishing an announcement stating that Circle, the issuer of the USDC stablecoin, had acquired the project. The post…
- Crypto Economy
Liquity April Fools' Post Draws Manipulation Criticism
Liquity said that Circle had acquired the protocol, framing the announcement as a joke that would let Circle offer “a non-freezable stablecoin” and distribute yield under the…
- Crypto news
Liquity price prediction: Why LQTY's recovery could just be getting started
In April 2025, Liquity hit a new all-time low at just $0.43. But over the past few months, it's bounced back — and by the beginning of July it's trading at $1.
- Crypto Economy
Liquity v2 Sees Heavy Withdrawals After Unexplained Security Concerns
TL;DR Security Concerns: Liquity Protocol reported a potential issue with its V2 Stability Pools, urging users to close positions as a precaution while the exact problem is being…
- Crypto news
Liquity v2 outflows surpass $17M following stability pool warning
Decentralized lending protocol Liquity has seen over $17 million in withdrawals after urging users to exit its v2 stability pools due to an ongoing investigation into a potential…
- Cointelegraph
Liquity v2 sees $17M outflows amid stability pool warning
Liquity v2 recorded $17 million in outflows after advising users to exit Stability Pools amid an internal investigation into a potential issue.
- Cryptopolitan
Liquity Protocol investigates potential issues with its V2 stability pools, urges users to close positions
The Liquity protocol V2 reported potential issues, urging all users to withdraw funds from the 'Earn' vault. So far, no losses have been reported and no tokens have been frozen.
Related protocols
Other DeFi protocols connected to Liquity V1 by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other CDP protocols
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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