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Liquity V1

LendingOriginal immutable LUSD CDP: interest-free borrowing, 110% min collateral, governance-free.

$139.2M
TVL · DefiLlama
ETH $3,420 ▲1.2%
price · DefiLlama (24h) · preview

AI review

AI

AI assessment

updated 4h ago·Claude (preview)·preview

Liquity V1 is a lending protocol. 7 of 16 risk feeds in the registry report on it. No incidents are recorded in the registry. No material change has been detected in the current window.

  • Core: Immutable — no admin keys, no upgrades to core contracts governance
  • 7 of 16 feeds report on Liquity V1. coverage
  • No incidents recorded — an empty incident history is itself a signal. incident

AI-generated summary of facts already in this registry — not a Rails assessment, not a risk score, and not a ranking. Per the project charter, the registry never produces its own composite risk judgement. Verify every point against the linked sources below. This is an illustrative preview of a proposed feature; the content is not live.

Feeds

Feed coverage5 covered · 2 partial · 9 not yet covered of 16

How feeds see it

Rating
3 / 1
Dashboard
1 / 1
Monitoring
1 / 0
Research

Seen through 3 of 4 methodology lenses (rating, dashboard, monitoring). A neutral view of who is looking and how — not a risk judgement.

DeFiScan
Rating
Covered

Immutable LUSD CDP; no loss-of-funds upgrade path, dependencies mitigated, alternative frontends exist. DeFiScan's Liquity review is V1-only.

Stage 2verified
View source
DeFiPunk'd
Rating
Covered

'Liquity V1 CDP' page; 5-dimension AI-consensus, all green (tentative); spot-check pending.

Silver tiersample
View source
pigi.finance
Dashboard
Covered

Vault analytics and risk-adjusted yield across 50+ protocols; exploits, concentration, risk-adjusted APY. Paid structured API.

View source
DeFi Saver
Monitoring
Covered

Position-management tooling: live loan-health / safety-ratio tracking and automated liquidation protection for leveraged positions.

View source
DeFi Safety
Rating
Covered

Process Quality Review (Oct 2023); an earlier review scored 97%.

93% (PQR)sample
View source
BlockAnalitica
Dashboard
Partial

Quantitative on-chain risk dashboards for lending markets: liquidations, collateral health, exposure.

View source
Exponential DeFi
Rating
Partial

Liquity (LUSD) protocol page listed; pool grades not captured pre-migration.

View source
LlamaRisk
Research
Not yet covered

Protocol risk research and parameter recommendations; collateral and governance risk.

CuratorWatch
Dashboard
Not yet covered

Vault-level risk monitoring for Morpho curators: allocation risk and curator behavior.

Credora
Rating
Not yet covered

Institutional-grade credit-risk ratings for DeFi protocols and borrowers. Credora by RedStone; GraphQL API + on-chain attestations (EAS).

Xerberus
Rating
Not yet covered

Independent risk rating for DeFi vaults; 300+ subscores across 85+ mechanisms. Open-source.

Philidor Analytics
Rating
Not yet covered

Deterministic vault risk scoring across 700+ vaults: asset quality, code maturity, governance. Open methodology (public API, CLI, MCP server).

Zyfai Risk
Dashboard
Not yet covered

Real-time risk scores for DeFi liquidity pools: risk metrics, TVL, APY, security grades.

Anticapture
Research
Not yet covered

DAO governance-capture risk: delegate/voting-power concentration, cost-to-attack vs. treasury value, and proposal/power-shift monitoring across major DAOs. Open-source.

Gauntlet
Research
Not yet covered

Agent-based economic simulation: insolvency prevention, parameter optimization, and risk-scenario analysis for lending markets.

Chaos Labs
Dashboard
Not yet covered

Edge risk oracles and economic-risk dashboards: real-time parameter automation and scenario stress for lending markets (active on Aave, GMX, Pendle).

Governance

Governance at a glance

Governance
None (governance-free)
Timelock
None
Core contracts
Immutable
Pause capability
No

Structural facts, distilled from the sourced control records below — neutral capabilities, not a risk score.

Core
Immutable — no admin keys, no upgrades to core contractson-chain
Governance
None — fully governance-free protocolon-chain
Upgradeability
None (contracts are fixed at deploy)verified
Admin control
No privileged owner over user fundsverified

Control timeline

Every upgrade, parameter change, and key rotation over Liquity V1’s contracts, rendered from chain state via Sieve. The feeds rate control; the verification layer proves it. Each action links to its transaction; an immutable protocol shows an empty timeline, which is itself the signal.

  1. at deployContracts deployed (immutable)verifiedLiquity V1 core contracts are immutable with no admin key or human governance. No upgrades or admin actions are possible after deploy — an empty timeline here is itself the signal.

Audits

AuditorDateScope
Trail of Bits2021-01Liquity v1 core contractsReport

Representative public audits, attributed and linked to source — not a Rails assessment, and not a completeness or safety guarantee.