General

What is SpiceUSD?

SpiceUSD is an official fork of Liquity v2.

Liquity v2 is a decentralized borrowing protocol that lets users deposit tokens as collateral, and mint the stablecoin BOLD. In SpiceUSD, the stable coin to mint is SPICE.

There are two main use-cases:

• Borrow SPICE

• Earn yield by depositing SPICE

Does SpiceUSD have governance?

SpiceUSD is subject to minimal governance which is solely tasked with distributing Protocol Liquidity Incentives (PIL), directing 25% of the protocol's revenue to external initiatives.

Governance has no other functions or powers, as SpiceUSD's smart contracts are immutable and not upgradeable.