BOLD

BOLD is a USD-pegged stablecoin issued by the Liquity Protocol, designed to let users borrow against Ethereum-based collateral — specifically ETH, wstETH, and rETH — without being assigned an interest rate by the protocol itself. Instead, borrowers choose their own interest rate, and loans must be backed by at least 110% collateral value at all times. It is intended for people who want liquidity against their crypto holdings while keeping exposure to those assets.

BOLD is minted when a borrower deposits qualifying collateral into the Liquity Protocol and takes out a loan; it is fully redeemable, meaning any holder can exchange BOLD directly for the underlying collateral at face value. Loan solvency is maintained in two layers: a Stability Pool holding BOLD absorbs losses from undercollateralized positions first, and if that pool is depleted, other borrowers act as guarantors of last resort. The token exists across the Optimism and Base ecosystems, among others, and carries no algorithmic or centralized reserve backing — only on-chain collateral.

The data provided does not include a protocol fee stream for BOLD, so fee-based measures such as revenue or fee yield are not available on this page. Borrowers do pay interest at rates they set themselves, but how that interest accrues to the protocol or its participants is not captured in the stored metrics. What is recorded is a circulating stablecoin supply of 32,407,472.15 at the point-in-time measurement and a 30-day supply change of 8.04%, reflecting net minting activity over that period.