Liquid ICP

Bridge & Stake your ICP coins

The concept of Liquid Internet Computer Protocol (Liquid ICP) relates to the decentralized global computing platform of the Internet Computer (IC) created by the DFINITY Foundation using blockchain technology.

Liquid ICP refers to tokenizing IC tokens so they can integrate with decentralized finance (DeFi) applications and trade across blockchains. By making IC tokens interoperable, users can access various DeFi services, liquidity pools, and decentralized exchanges across different blockchain ecosystems.

The goal of Liquid ICP is to improve the versatility and utility of IC tokens through enhanced interoperability, potentially increasing liquidity, enabling cross-chain transactions, and allowing IC token holders to utilize a wider range of decentralized apps and financial services.

LICP

The LICP governance token powers the Liquid ICP decentralized autonomous organization (DAO). Liquid ICP primarily provides an interoperability bridge between the IC and Polygon chains and a staking platform for IC coins on Polygon with a 1 week lockup and a farming mechanism for the LICP token.

Staking

The ICP staking functionality on Polygon is enabled due to the 6 month to 8 year freeze period on Dfinity. LICP holders can collect farming incentives from the decentralized bourse supplied.

s-Bridge

Proceeds from LICP sales capitalize the fractional reserve liquidity for the interoperability span. This facilitates swapping wrapped ICP (from Dfinity) with ICP-20 (wrapped ICP on Polygon).

st-ICP

Post crossing, users can stake their ICP-20 and obtain liquid staked assets dubbed st-IC (staked IC) without liquidity fetters, transferrable anytime.

NNS

Part of LICP sales are also deposited in Dfinity’s Network Neural System (NNS) to harvest rewards for LICP buybacks and furnish liquidity for LICP reservoirs on Polygon. The st-IC tally corresponds to the traversed ICP plus NNS yields.

Polygon

Presently LICP can be bartered and cultivated on Polygon via DEXs. After the span launch, Liquid ICP will furnish insurance, lending and borrowing solutions for ICP-20 on Polygon.

Liquid ICP Whitepaper

Liquid ICP (LICP) is a staking bridge facilitating users to earn staking rewards from the Internet Computer's NNS without locking ICP or maintaining liquidity. This token operates as an alternative for governance within the Internet Computer ecosystem.

You can view the official Liquid ICP whitepaper here.

The whitepaper will be updated with new information as it becomes available, so make sure to follow our announcements on social media to stay up to date.

Read Whitepaper

Follow us on social media

Liquid ICP ROADMAP

This roadmap is a plan that envisions the potential growth and development of Liquid ICP throughout the year. Actual plans and timelines could vary based on the project's priorities, technological advancements, community feedback, and market conditions.

1

Expansion and Integrations

Q1 2024

Research & Development: Continued research into enhancing cross-chain compatibility.
Partnerships: Forge partnerships with leading DeFi platforms for integration of Liquid ICP.
Technical Improvements: Implement improvements to the token standard for seamless interoperability.

2

Infrastructure Development

Q2 2024

Protocol Upgrades: Introduce protocol upgrades to improve security and scalability.
Cross-Chain Liquidity Pools: Launch cross-chain liquidity pools for ICP on major DeFi platforms.
Developer Tools: Release developer-friendly tools and documentation for integrating Liquid ICP

3

Community Engagement and Adoption

Q3 2024

Community Outreach: Conduct educational campaigns and workshops to educate users about Liquid ICP.
User Interface Enhancements: Improve user interfaces for seamless token swapping and transactions
ncentive Programs: Launch incentive programs to encourage users and developers to utilize Liquid ICP.

4

Advanced Features and Ecosystem Growth

Q4 2024:

Advanced Features: Introduce advanced DeFi functionalities like lending, borrowing, and derivatives using Liquid ICP.
Ecosystem Expansion: Expand the ecosystem by onboarding more dApps and protocols to accept Liquid ICP.
Governance Upgrades: Implement decentralized governance mechanisms for protocol improvements.

Our last donations

As we are still in the early stages, our goal is to make at least
two donations per week. You will be able to see where we donated as well
as proof in this section.

Our next donation?

Join our Telegram community and cast your vote for the next breast cancer fighter to receive a donation.

Join our Telegram group

FAQs

What you need to know about Liquid-ICP

What is Liquid ICP?

Liquid ICP is an extension of the Internet Computer Protocol (ICP) that aims to enhance the versatility of ICP tokens. It allows for the tokenization of ICP to enable their seamless use across various blockchain networks and decentralized finance (DeFi) platforms. This interoperability increases liquidity and expands the utility of ICP, enabling users to access a broader range of decentralized applications and financial services.

How does Liquid ICP enhance interoperability?

Liquid ICP employs tokenization techniques that make ICP tokens compatible with multiple blockchain ecosystems. By implementing standardized protocols and cross-chain communication methods, it enables the transfer and use of ICP tokens on different blockchains, facilitating cross-chain transactions and interactions between various decentralized applications.

What benefits does Liquid ICP offer to users?

Liquid ICP enhances user accessibility by enabling ICP holders to participate in decentralized finance applications, utilize liquidity pools, and engage in cross-chain transactions. It increases liquidity, broadens the range of available financial services, and fosters a more interconnected and versatile ecosystem for ICP tokens.

ow can developers integrate Liquid ICP into their projects?

Developers can integrate Liquid ICP by utilizing developer-friendly tools and documentation provided by the project. These resources include standardized APIs, libraries, and documentation detailing the necessary steps for integrating Liquid ICP functionalities into decentralized applications, smart contracts, or DeFi protocols.

Is Liquid ICP secure?

Liquid ICP inherits the security features of the underlying Internet Computer Protocol. Additionally, the tokenization process and cross-chain interoperability are designed with a focus on security. Smart contract audits, continuous protocol upgrades, and adherence to best security practices contribute to maintaining the integrity and safety of Liquid ICP transactions and interactions.

Can I swap Liquid ICP tokens across different blockchains?

Yes, Liquid ICP tokens are designed to be swapped across compatible blockchains. Users can utilize decentralized exchanges and liquidity pools that support cross-chain swapping functionalities to seamlessly exchange Liquid ICP tokens between different blockchain networks.

What are the use cases for Liquid ICP?

Liquid ICP expands the use cases for ICP tokens, enabling participation in decentralized finance, yield farming, lending, borrowing, and various other DeFi applications across multiple blockchains. It also allows for the creation of innovative financial products and services leveraging the interoperability of ICP tokens.

How does Liquid ICP contribute to DeFi liquidity?

Liquid ICP enhances DeFi liquidity by allowing ICP tokens to be utilized in liquidity pools across different blockchains. This increases the available liquidity for ICP tokens, enabling better market efficiency and access to a more extensive range of trading pairs and financial instruments.

Are there any governance mechanisms for Liquid ICP?

Yes, Liquid ICP might include decentralized governance mechanisms to enable token holders to participate in decision-making processes. This could involve proposals for protocol upgrades, feature implementations, or adjustments to parameters governing the Liquid ICP ecosystem.

Where can I learn more and engage with the Liquid ICP community?

To learn more about Liquid ICP and engage with the community, you can visit the project's official website, join their social media channels, participate in forums, and access developer documentation. These resources provide updates, discussions, and support for users and developers interested in the project's advancements and functionalities.