New $LQTY Staking Vault

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The Details of the $LQTY staking Vault and Its Story

On July 22, Harvest deployed a new Vault labeled Liquity: LQTY, which comes with a story worth highlighting.

A few days earlier, on July 18, one of Harvest’s community members, georgeroman has posted a pull request on adding Liquity’s $LQTY staking strategy.

Our humble builders quickly responded to it, provided feedback, and ran a few tests. Five days later, the strategy is now live on harvest.finance delivering fresh yields to farmers.

Harvest is community-powered 👩‍🌾👨‍🌾

  • Anyone can contribute their ideas & strategies
  • Plenty of paid contributor jobs to choose from for tech & non-tech folks
  • Harvest is transparent about its books actions

Harvest is a DAO where anyone can join and get rewarded for their honest work for the commune. It’s an incredible place where people from across the world, not knowing each other in person, can come together and work towards common goals.

#HumbleFarmers are all over the globe!

Tune in to our Discord and get to know the community!

biswap

The details of the $LQTY Vault

Now, the part humble farmers have been waiting for.

What is $LQTY?

It’s the secondary token issued by Liquity alongside its $LUSD stablecoin. $LQTY captures the fee revenue generated by the system and incentivizes early adopters and frontends.

Details of the $LQTY Vault

  • auto-harvesting $LUSD & $ETH to buy more $LQTY
  • $iFARM Rewards (Coming soon along with new emissions schedule)

What to expect from participating in $LQTY Vault:

  • Watch your staked $LQTY balance grow in value
  • Earn $iFARM rewards

Harvest invites anyone to suggest their vault ideas. After all, it’s all about #BreadForThePeople 🥖

Liquity is a decentralized borrowing protocol that allows you to draw interest-free loans against Ether used as collateral. Loans are paid out in LUSD (a USD pegged stablecoin) and need to maintain a minimum collateral ratio of 110%.

Connect with Liquity at www.liquity.org

About Harvest

Harvest is an asset management platform that maximizes yield for assets deposited by users. Harvest reduces gas costs and develops cutting-edge strategies to become the stop-shop of yield farming in DeFi.

Connect with Harvest: Website — Twitter — Discord

This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information may be accurate. Consult a financial professional before making any financial decisions.


New $LQTY Staking Vault was originally published in Harvest Finance on Medium, where people are continuing the conversation by highlighting and responding to this story.

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