Robert Lauko
Robert Lauko is the Founder and Head of Research at Liquity. Holding a Ph.D. in Law from the University of Zurich, Robert served as a law clerk at the Swiss Federal Administrative Court and in various other legal roles, before turning into a Blockchain researcher at DFINITY (Internet Computer). In late 2019 Robert decided to found his own stablecoin and borrowing project Liquity.
Liquity
Session
Liquity V2 allows borrowers to set their own interest rate in exchange for a certain risk level (loss of exposure upon stablecoin redemption). To facilitate the ongoing rate management for passive users, we built an automation system on the ICP that adjusts interest rates efficiently in a decentralized way.
The system makes use of the ICP's Ethereum integration and timers to continuously monitor the user's redemption risk, submitting interest rate update transactions as needed. By charging a small management fee, the system covers its own operational costs (ICP cycles and Ethereum gas costs) and is thus self-sustaining.