When was Lqty launched?

BTCC, a leading cryptocurrency exchange, also offers a range of services that cater to the needs of traders and investors in the digital asset space. Among these services are spot trading, futures trading, and wallet services. With its robust infrastructure and advanced security measures, BTCC has established itself as a trusted and reliable platform for buying, selling, and storing digital assets.

Liquity, a groundbreaking decentralized borrowing protocol, has carved a unique niche within the Ethereum blockchain ecosystem. Since its inception, the platform has achieved several pivotal milestones, each marking a significant step forward in its development.

Among these accomplishments, the mainnet launch of Liquity on April 5, 2021, stands out as a major event. This milestone signified the official deployment of the protocol onto the Ethereum mainnet, making it accessible to a wider range of users and facilitating real-world applications.

The mainnet launch was a testament to the hard work and dedication of the Liquity team, who had spent countless hours developing and refining the protocol to ensure its stability, security, and user-friendliness. With the mainnet now operational, users can borrow and lend digital assets in a decentralized and trustless manner.

In addition to its borrowing and lending services, Liquity also offers a unique feature known as the Stability Pool. This pool allows users to deposit ETH and receive LQTY tokens in return, which can then be used as collateral for borrowing. The Stability Pool helps to maintain the stability of the protocol's native token, LUSD, by ensuring that there is always sufficient collateral available to back up outstanding loans.