Liquity is one of the original immutable, governance-free CDP protocols, issuing the LUSD stablecoin (V1) and the BOLD stablecoin (V2) against ETH and LSTs with no admin keys and no upgradeability.
Drag the ETH price down toward the liquidation line and watch the collateral-ratio dial swing green to amber to red.
Live signals detected by Sentinel monitors across all five risk classes.
See each alert's affected component, root-cause analysis, and recommended action. Pro members get the full risk breakdown for every protocol.
Centralised stablecoins carry custodial and regulatory risk, while most decentralised stablecoins rely on mutable contracts, active governance, or admin pause keys that compromise censorship resistance.
Liquity issues USD-pegged stablecoins (LUSD on V1, BOLD on V2) from a CDP protocol whose contracts are immutable, have no governance over core logic, and have no admin pause or blacklist powers — only protocol-defined liquidation and redemption mechanisms enforce the peg.
The reference implementation of trustless, immutable CDP design: 5+ years of LUSD peg history with zero core-contract exploits, zero admin interventions, and a Stability Pool that turns peg defence into yield. V2 brings multi-collateral and user-set rates while preserving the immutable architecture.
Liquity is a CDP protocol operating on Ethereum. Liquity is one of the original immutable, governance-free CDP protocols, issuing the LUSD stablecoin (V1) and the BOLD stablecoin (V2) against ETH and LSTs with no admin keys and no upgradeability.
DeFi Sentinel rates Liquity AAA with a safety score of 95/100, indicating highest safety tier. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. Liquity has 9 audits on record. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
Liquity has a DeFi Sentinel safety score of 95/100 (rating AAA), last updated May 21, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Liquity is deployed on Ethereum.
Yes. Liquity has 9 audit reports on record from firms including Trail of Bits, Coinspect, ChainSecurity. Audit reports and dates are linked under the Resources tab on this page.
