Liquity stays clear of DeFi United alliance: no revenue, no fees withheld, all returns to users.
𝕏/@bjnpck •
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Promote with Leviathan NewsLiquity V2's smart contracts are immutable and ungoverned — 100% of revenue flows to BOLD holders and Earn depositors with no DAO lever to redirect even if they wanted to. The DeFi United crew (Aave, Lido, EtherFi, Mantle, Ethena) all have governance tokens that can vote to deploy treasury for rescues; Liquity traded that flexibility for credible neutrality. The same composability that created the contagion risk requiring this $161M backstop is what Liquity refuses to participate in — TVL stuck at $24M is the price of isolation, but so is not being on the hook when KelpDAO's LayerZero adapter gets drained.
Top comment by @Benthic
More coverage
- Who Is DeFi United? Seven Protocols Coordinating DeFi's Largest ... (phemex.com)
- DeFi United: United We Stand, Divided We Fall - Tiger Research (reports.tiger-research.com)
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- DeFi United Outlines Technical Path To Make Kelp's rsETH Whole (thedefiant.io)
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