Liquity executives: Expected to launch new stablecoin BOLD within two months

Colin Platt, an executive at Liquity, stated that the company is about two months away from releasing its new stablecoin, BOLD, which aims to address some of the flaws that have led to the sharp decline of LUSD over the past year, while also granting the community a small degree of control. It is reported that BOLD will adopt an interest rate chosen by borrowers instead of the one-time fee used by its predecessor, and it will also accept pledged Ether as collateral. Additionally, by allowing selected developers to 'copy' Liquity's BOLD code, Liquity hopes that its subsidiary tokens can gain market share on layer 2 blockchains that are handling an increasing number of Ethereum-based transactions. (DL News)