liq-protocol logo download PNG or SVG

Information about liq-protocol

LIQ Protocol is a cryptocurrency built on the Solana network, specifically designed for the Serum DEX margin markets and lending platforms. Its main purpose is to provide liquidity and manage liquidation activities for projects based on Solana and Serum. By identifying overexposed accounts, preparing them for liquidation, and providing funds to cover their liabilities, LIQ Protocol ensures a stable backend for settlement liquidity. In return, it receives funds from the liquidated accounts' collateral, which are shared through LIQ LP staking rewards.

Solana, the underlying blockchain technology, is known for its high performance and permissionless nature. Powered by Proof of History (PoH), Solana can handle an impressive number of transactions per second with almost no latency. Serum, on the other hand, is a decentralized exchange (DEX) built on Solana, offering fast and cost-effective transactions for decentralized finance.

The LIQ Protocol's liquidator program plays a crucial role in the liquidation process. It checks for overexposed accounts, prepares them for liquidation, and provides necessary funds while receiving collateral from the liquidated accounts. This program operates in a permissionless and decentralized manner.

The LIQ Protocol holds several utilities, including a liquidity pool where users can provide liquidity and earn fees by staking LP tokens. Additionally, the protocol's participation in the liquidation process contributes to the advancement of the ecosystem and builds an "insurance fund" for the liquidation engine. The protocol also features a limited governance model, allowing stakers to make decisions regarding the Liquidation Engine's process and holdings, such as determining markets and pairs for the protocol to manage.

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