Liquity (LQTY) is a cryptocurrency launched in 2020and operates on the Ethereum platform. Liquity has a current supply of 100,000,000 with 94,492,924.13195278 in circulation. The last known price of Liquity is 0.99410715 USD and is up 0.39 over the last 24 hours. It is currently trading on 179 active market(s) with $36,674,238.84 traded over the last 24 hours. More information can be found at https://www.liquity.org/.
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After trading under a bearish sentiment for a brief period, the cryptocurrency market has recorded a bullish recovery over the past day. Moreover, the market is currently valued at $2.11 Trillion with a 24-hour jump of 1.48%. Following this, mid-cap and low-cap altcoins have gained attention from the crypto space.
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 protocol stated that it decided to go through the friendly fork after an intense reflection on the history of its v1.
TL;DR Liquity is preparing to launch a redesigned protocol by the end of 2024 to address the limitations of its current offering. The new protocol will include innovative features such as support for Liquid Staking Tokens (LST) as collateral, dynamic interest rates, and a revamped liquidation system.
Altcoins have become one of the most preferred ways for crypto investors to secure massive gains in the industry especially given Bitcoin's massive growth rate in the last decade. Because a lot of these altcoins have significantly smaller market caps, they tend to have a lot of runway for growth, making them an enticing option.