Liquity executives: Expect to launch the new stablecoin BOLD within two months

ChainCatcher news, according to DL News, Liquity executive Colin Platt stated that the company is about two months away from launching its new stablecoin BOLD. BOLD addresses some of the flaws that led to the sharp decline of LUSD over the past year and will grant the community a small degree of control. It is reported that BOLD will adopt borrower-chosen interest rates instead of a one-time fee like its predecessor, and it will also accept staked Ether as collateral.

Additionally, by allowing selected developers to "copy" Liquity's BOLD code, Liquity hopes that the affiliated token can gain market share on the second-layer blockchain that handles an increasing number of Ethereum-based transactions.