Users can earn interest by supplying assets to liquidity pools or take instant loans by providing collateral without fixed repayment schedules. 

Team and Founders

Liqwid Finance is an open-source, noncustodial, algorithmic interest rate protocol designed for lenders, borrowers, and developers. 

• Dewayne Cameron – CEO: Strategic direction and vision management 
• Florian Volery: Protocol functionality and user experience 
• Joshua Akpan: Protocol development and ecosystem alignment 
• Tashoma Vilini: Protocol growth and DeFi-focused solutions 
• Expertise: Haskell and TypeScript for reliable, smooth protocol development 

Investors and Key Partners 

• IOG (Input Output Global): Technical advisory and Plutus integration 
• Minswap & SundaeSwap: DEX integrations for smooth asset flow 
• WingRiders & Genius Yield: Cross-liquidity bridges within Cardano DeFi 
• CASL (Cardano Staking ETP): Listed on SIX Swiss Exchange to increase accessibility 

Project Concept 

• Transform traditional finance lending models into decentralized, secure structures 
• Provide peer-to-peer lending on Cardano without intermediaries 
• Increase capital efficiency with pooled liquidity models 
• Allow users to borrow or withdraw funds anytime 

How It Works 

1. Asset Supply: Deposit ADA and tokens in pools to earn interest 
2. Borrowing: Take instant loans using collateral without selling assets 
3. Yield & Liquidity: Earn interest while maintaining liquidity access 
4. qTokens: Interest-bearing representative tokens (qADA, qUSDC, etc.) 
5. Liqwid v2: 10x faster transactions and on-chain risk management 

Governance (Liqwid DAO) 

• LQ token holders vote on proposals or delegate voting rights 
• DAO manages parameter changes, new markets, and treasury usage 
• 1 LQ = 1 vote 
• Staked LQ earns voting rights and a share of protocol revenue 

Roadmap 

1. 2023 – v1 Launch: Mainnet deployment of Liqwid Protocol 
2. 2024 – v2 Update: 10x faster transactions, risk management tools, API upgrades 
3. 2025 – v3 (Planned): Cross-chain asset bridges, stablecoin integration, advanced oracle system, mobile app 

Token Use Cases 

• Governance voting and proposal submission 
• Share in protocol revenue 
• Staking rewards 
• Incentives for liquidity providers 

Liqwid Token Details 

• Token Name: Liqwid DAO Token 
• Symbol: LQ 
• Total Supply: 21M LQ 
• Max Supply: 21M LQ 
• Circulating Supply: 20.14M LQ 
• Blockchain: Cardano 

Token Distribution 

• Core Team, Founders & Advisors: 18.9% 
• Seed Round Investors: 6.1% (linear vesting over 24 months, Feb 2023–Feb 2025) 
• DAO Treasury & Community Incentives: 75% (community/protocol allocation, no vesting) 

Ecosystem & Features 

• Pooled Liquidity Model: High capital efficiency and flexible lending markets 
• Risk Management: On-chain borrowing and supply limits 
• qToken Mechanism: Assets continuously earn interest 
• Automated Oracle System: Off-chain verified price updates 
• Performance-Focused Architecture: Optimized API and transaction infrastructure in v2 

Official Links 

• Website
• Twitter
• Discord

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The post Liqwid Finance (LQ): Cardano DeFi Lending & Borrowing Protocol appeared first on Coin Engineer.