PANews reported on January 24 that according to The Block, the Ethereum-based lending protocol Litquity has launched the second version of its application, Litquity V2. Liquity V2 will allow borrowers to choose their own interest rates when borrowing ETH and pledging ETH from RocketPool or Lido.

Liquity also launched a "non-USD" stablecoin called BOLD, which is fully backed by ETH and ETH derivatives. According to the document, all revenue generated by Liquity V2 will be used for BOLD, of which 75% will be used for depositors' stable pool and 25% will be used for "protocol incentive liquidity" for liquidity providers.