The Real Crypto Stables - with Michael Svoboda, CEO of Liquity AG

The first of the Stable Retreat Interviews series by DAdvisoor, Leviathan News contributor, at his role with Frankencoin, from the retreat co-hosted by them and Stable Summit

“The Real Crypto Stables” is the first interview in the Stable Retreat Interviews series, recorded at a stablecoin-focused retreat co‑hosted by Frankencoin and Stable Summit and published on the Frankencoin YouTube channel. In this episode, DAdvisoor, a Leviathan News contributor who works with the Frankencoin project, interviews Michael Svoboda, CEO of Liquity AG, about the Liquity Protocol and its evolution from V1 to V2. The discussion centers on how Liquity aims to build fully on‑chain, governance‑free “real crypto stables” – stablecoins that are collateralized by crypto assets rather than bank deposits and do not rely on human committees or discretionary risk management. Svoboda explains the move from Liquity V1’s single‑collateral, zero‑interest LUSD model to Liquity V2 and its new BOLD stablecoin, which introduces multi‑collateral backing with ETH and liquid staking tokens and a market‑driven interest mechanism where borrowers effectively set their own rates in exchange for exposure to redemption risk. He emphasizes the protocol’s immutable architecture, direct mint‑and‑redeem design, and fee model that routes protocol revenue back to users instead of to a centralized operator, positioning crypto‑native stablecoins as an alternative “electric engine” to bank‑based stablecoins like USDC. In the broader context of the retreat, the interview highlights the growing narrative around decentralized, over‑collateralized stablecoins as a response to regulatory pressure (e.g., MiCA in Europe) and concerns over censorship and freeze risk in bank‑backed stablecoins. By pairing Liquity’s design with Frankencoin’s own experimentation in permissionless CHF‑stablecoin issuance, the series speaks to an emerging ecosystem of “real crypto stables” focused on transparency, on‑chain liquidation and redemption mechanisms, and peer‑to‑peer credit markets rather than traditional banking rails.

✨ AI-generated background, compiled from web sources — not editorial content.

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