von • Liqwid Finance has launched the DJED market along with the addition of qDJED as collateral for the ADA market.
• The parent organization Liqwid Labs has requested SPOs to update their liquidation bots for a single market only.
• Liqwid Finance also offers decentralized interest rate curves for decentralized lending and borrowing on Cardano blockchain network.
Liqwid Finance Launches DJED Market
Liqwid Finance announced the launch of its DJED market along with the addition of qDJED as collateral for the ADA market. The front end is already live and Liqwid Labs is monitoring its infrastructure to ensure a smooth rollout. Additionally, it also requested SPOs to update their liquidation bots which will liquidate a single market only.
Parameters Added For Risk Management
In order to manage risk, Liqwid Labs added parameters such as maxLTV (75%), Liquidation bonus (10%), and Liquidation threshold (80%) for the DJED market. Users can either participate as lenders or borrowers in this platform where lenders supply liquidity to earn interest and borrowers open perpetual loans at variable rates of interest based on current utilization and parameters of interest rate curves.
Decentralized Interest Rate Curves
Liquid Finance offers decentralized interest rate curves for decentralized lending and borrowing on Cardano blockchain network. Borrowers can open perpetual loans in an overcollateralized manner while lenders are responsible for supplying liquidity to the markets in order to earn interest on their deposits.
Update Liquidation Bots
As part of this development, Liqwid Labs requested that SPOs should update their liquidation bots to latest version available via docker container registry so future updates should be just ‘docker pull’ away! This is done in order to monitor risks associated with multiple markets running simultaneously under one bot.
Conclusion
Cardano ecosystem is continuingly witnessing new developments by existing players like Liqwid Finance who have launched DJED stablecoin on Cardano platform offering users with options like decentralized lending/borrowing, risk management parameters, and liquidity pooling opportunities . These features are expected to boost growth further within Cardano Ecosystem.
