Liquity’s V2 launch has jumped to the front of this month’s Ethereum DeFi chatter.

The revamped protocol is putting its new $BOLD stablecoin on the map with a new unique flywheel that's designed to simultaneously attract more borrowers, reward depositors, and defend the protocol and its USD peg.

The splash hasn’t stopped at Ethereum, either: more than 15 licensed “friendly forks” have locked in plans to port the codebase (and reward $BOLD users) across Arbitrum, Hyperliquid, Scroll, and beyond.

With its user-set rates, its NFT-based debt, and its forkonomics, Liquity V2's shaping up to be one of this cycle’s most intriguing stablecoin experiments—and now it's open for business.