This proposal integrates the Liquity protocol by adding the ‘Liquity Connector’ to the master DSA Connector contracts, enabling DeFi Smart Accounts to interact with the Liquity protocol.
Liquity is an interest-free, autonomous, borrowing protocol. Liquity allows users to borrow against Ether and generate its stablecoin LUSD. The Liquity team has written the connector contracts needed to integrate Liquity into the Instadapp protocol. The Instadapp team has reviewed these connectors for structure and security.
Liquity positions on Instadapp should be eligible for INST Liquidity Mining rewards. These rewards could follow the same distribution rules as the on-going Liquidity Mining on mainnet for Maker, AAVE and Compound. We are asking the community to include Liquity in the liquidity mining provisions.
Liquity protocol offer competitive rates and a new model for generating stablecoins, integrating Liquity will open new interest rates, additional refinancing options, and open new use cases on Instadapp.
This vote includes non-critical code changes and will be voted off-chain by the community.
The Liquity Connector is added to the DSA Connectors master enabling its use with any DeFi Smart Account.
Liquity DeFi Balances are added to the on-going Liquidity Mining Rewards. INST allocation determined by the community