Monetary Policy on Blockchain: Connect Macroeconomics to the Real World
DKU First Cloud Field Trip Co-host by Liquity CEO Robert Lauko and Prof. Luyao Zhang at her Intermediate Macroeconomics Lecture Series, Duke Kunshan University, Special Guest: Prof. Yulin Liu
Monetary Policy on Blockchain: Connect Macroeconomics to the Real World
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Cloud Field Trip to Liquity and Open AMA Documentary on YouTube
DKU First Field Trip to Liquity co-hosted by Liquity CEO Robert Lauko and Prof. Luyao Zhang
Introduction to Dr. Robert Lauko
Robert Lauko is the founder and CEO of 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. In Summer 2017, Robert became the DFINITY Foundation’s first employee in Switzerland. After working on many layers of their Internet Computer project, including consensus algorithms and incentive mechanism design, Robert decided to revolutionize decentralized borrowing and founded Liquity.
Introduction to Liquity: Monetary Policy on Blockchain, Liquity – Decentralized Borrowing Protocol
Running on Ethereum, Liquity offers interest-free loans by issuing its own USD-pegged stablecoin LUSD against ETH used as collateral. Thanks to a novel liquidation mechanism, the loans only need to maintain a minimum collateralization ratio 110%. Price stability does not rely on variable interest rates or human intervention, but is achieved through a redemption mechanism coupled with algorithmically adjusted redemption and loan issuance fees. The protocol incentivizes front end operators and early adopters that drive growth while contributing to system stability.
Notes: On Apr. 3, 2021, 4 months after the cloud field trip, Liquity goes live on Ethereum Mainnet: https://medium.com/liquity/liquity-goes-live-on-ethereum-mainnet-203d295d2fc6, As of May 11, 2022, the total value lock on Liquity is $1.097B. The contract address of Liquity is: 0x49e833337ece7afe375e44f4e3e8481029218e5c.
Asia Europe Business School was jointly created by East China Normal University, a double first-class construction university in the world, and emlyon business school, a prestigious university in Europe in June 2015. It is supported by Shanghai Minhang District People’s Government and Shanghai Zizhu Hi-Tech Zone (Group) Co.,Ltd.
The school integrates the multidisciplinary comprehensive advantages of East China Normal University and the business education background of emlyon business school, focusing on cultivating the students' innovation abilities and international management abilities in the global business environment.
The school is committed to the development of new business knowledge and has formed a faculty and scientific research team composed of outstanding talents from world-class universities. It took the lead in establishing the master’s degree on High-end Brand Management in the world and its featured discipline Brand Strategy and Enterprise Growth has gained high reputation and influence both at home and abroad. Focusing on international talent cultivation, the school has established teaching and practice bases in cooperation with well-known enterprises at home and abroad to provide leading management talents with global vision, transnational working ability and social responsibility for serving the national and world market.
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