What is Liquidium? Liquidium is a platform that allows users to collateralize their Ordinals collections to borrow Bitcoin with a peer-to-peer mechanism.
So what’s special about this project? Let’s find out more through the article below!
Liquidium Overview
What is Liquidium?
Liquidium is the leading platform connecting individuals in need of loans by mortgaging their Ordinals collections with Bitcoin lenders. The protocol is reinforced in its loss protection stage by two technologies: Partially Signed Bitcoin Transactions (PSBTs) and Discreet Log Contracts (DLCs). The project has a partnership with DeepLake to use DLC APIs and Oracle technology.
Currently, the project only supports Xverse wallet.
Mechanism of action
Liquidium’s mechanism is quite simple:
Borrow Page Liquidium
- Step 1: First, everyone finds a collection they own on Borrow Page.
- Step 2: Then select an Ordinal you want to use as collateral and click “Borrow”. Loan conditions such as loan amount, loan term, and interest rate will appear.
- Step 3: The user needs to wait for the lender’s confirmation and this happens manually. Once the lender confirms, you will be notified and the loan becomes active.
In case you do not pay on time and become bad debt. Ordinals that users use as collateral are transferred to the lender and the borrower keeps the Bitcoin they borrowed.
For people who need loans, the mechanism is quite similar.
- Step 1: First the user needs to select the Ordinals collection they want as collateral in the Lend Page.
- Step 2: Decide the loan amount. The important thing here is that the amount of money the user sets must be the best to display to the borrower. This means that the loan amount from Ordinals is set to be high and attractive enough to be visible to the borrower.
- Step 3: When a borrower chooses a lender’s offer, they will be notified via email or Telegram.
For the lender to agree to the loan, the borrower to repay the loan and get back his collateral, the person who pays the fee is the borrower. When the lender does not receive repayment and has to claim the mortgaged property, the person who pays the fee is the lender.
Liquidium receives 20% (platform fee) of the total borrowing cost interest charged on the loan.
Development Roadmap
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Core Team
Robin Obermaier: Co-Founder & CEO
- He graduated from OTH Regensburg with a degree in business informatics. He used to work as CEO & Co-Founder at Social Fungus UG. In October 2021, he worked as a technical expert at Apple.
- In May 2022, he graduated from the course at BTC startup Labs. In February 2023, he graduated from Bitcoin Frontier Fund. In August 2022, he became a director and together with his colleagues founded Liquidium.
Luke Bowels: Lead Front-end Engineer
- From January 2020 to January 2023, he received a bachelor’s degree from the University of Cape Town in Computer Science and Business and Computing.
- In June 2020, he and his colleagues co-founded Neon-Solutions. In May 2022, he continued to co-found Oneset Carbon. In August 2023, he became Lead Front-end Egineer at Liquidium.
Peter Giammanco: Co-Founder & CTO
- In 2020, he graduated with a bachelor’s degree in computer science from Penn State University. He used to work as a software engineer intern at Capgemini.
- He graduated from 2 BTC courses at BTC Starup Labs and Bitcoin Frontier Fund. He used to work as a software engineer at PNC. In September 2022, he co-founded Liquidium and became CTO until now.
Julian Mezger: CoFounder & CMO
- He graduated with a bachelor of arts degree from Centro University. He graduated from Macromedia Applied Sciences University with a bachelor of arts degree.
- He used to work as a Laborant at Eurofins. He graduated from the BTC Startup Labs course and is a member of the Bitcoin Frontier Fund. In September 2022, he and his colleagues founded Liquidium and became CMO.
Investor
Investor Liquidium
The current project has raised $1.25M in capital invested by Sora Ventures, ACTAI venture, Side Door Ventures.
Tokenomics
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Exchanges
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Project Information Channel
- Twitter: https://twitter.com/LiquidiumFi
- Website:
Summary
The Bitcoin ecosystem is witnessing its first transformations after the explosion of Bitcoin Ordinals and BRC-20. Hopefully through the article, everyone has an overview of what Liquidium is.
