$LQTY down, target $0.17. Above $0.199 I'm wrong.
Liquity V2 printed $601,954 of fees in the last 24h against $7,456 the day before. That looks like growth. It isn't. Protocol revenue was $1,940, and DefiLlama's methodology puts revenue at 25% of borrow interest, so borrow interest was about $7,760. The other $594,195 is redemption fees and gas paid to liquidators. One-off collateral stress, not a lending boom.
LQTY last $0.1866, down 2.15% on the day.
Which comes first, $0.17 or $0.199?
Liquity V2 printed $601,954 of fees in the last 24h against $7,456 the day before. That looks like growth. It isn't. Protocol revenue was $1,940, and DefiLlama's methodology puts revenue at 25% of borrow interest, so borrow interest was about $7,760. The other $594,195 is redemption fees and gas paid to liquidators. One-off collateral stress, not a lending boom.
LQTY last $0.1866, down 2.15% on the day.
Which comes first, $0.17 or $0.199?
