Liquity executive Colin Platt said the company is about two months away from releasing its new stablecoin BOLD, which addresses some of the flaws that caused LUSD to fall sharply over the past year and will give the community a small amount of control. It is reported that BOLD will use an interest rate selected by the borrower instead of the one-time fee of its predecessor, and it will also accept staked Ether as collateral.
In addition, by allowing selected developers to "copy" Liquity's BOLD code, Liquity hopes that the affiliated token will be able to gain market share on the Layer 2 blockchain that processes more and more Ethereum-based transactions. (DL News)