Liqwid

Overview

Liqwid is a lending protocol that enables users to supply assets and earn interest or take out loans by posting collateral. The platform's focus on Cardano allows it to leverage the ecosystem’s unique features, such as lower fees and faster transaction times compared to Ethereum.

The protocol holds $25M in TVL across 22 active pools solely on the Cardano chain. This concentration implies a significant risk tied to the performance of Cardano. The single-chain focus highlights Liqwid's commitment to the Cardano ecosystem, but also exposes users to potential vulnerabilities specific to that network.

With one audit reference available, the protocol demonstrates some level of security scrutiny. However, the market cap of $3.9M is notably lower than TVL, suggesting that LIQ tokens may not fully reflect the value generated by the lending activities on the platform.

Composed 2026-05-21 from the structured data above. See methodology for the full pipeline.