After two or three days, I finally have time to talk about lqty @ LiquityProtocol. Firstly, LQty has been operating steadily, and the quality of this project has consistently received a lot of feedback from DeFi OG, which has been tested by the market. Recently, LQty has released a new version v2, which adds a lot of empowerment to the token based on v1, including liquidity incentive voting rights PIL and support for fork projects to support more collateral and gain a larger market. Specifically, as follows: 1. V2 has added a Protocol Incentive Liquidity (PIL) mechanism, where holders can vote by pledging LQTY to determine how 25% of BOLD interest income will be allocated to external agreements (such as BOLD liquidity pools). Voting rights are weighted by time, and the longer the pledge period, the greater the voting rights. However, there is no lock up period and the voting rights can be withdrawn at any time (losing additional voting rights). This may lead to a bribery market, where advocates pay additional rewards (such as BOLD or other tokens) to win the votes of LQTY holders and provide additional incentive sources (refer to CRV) 2. V2 supports friendly forks, allowing other teams to deploy stablecoins based on its code and extend to different blockchains and collateral. At present, at least 15 teams have signed contracts to expand their products to multiple mainstream blockchains such as Avalanche, Berachain, Hyperliquid, etc; The weight of collateral has also become more abundant. The fork project requires a commitment to provide incentives for BOLD, which will increase BOLD's market demand, increase protocol revenue, and then transmit the benefits to LQTY holders. BOLD is a stablecoin in version v2, which has now been added to the stablecoin index OPEN. The OPEN project has attracted the attention of project founders such as curve and frax The comparison table between V1 and V2 is as follows: