Liquity v2 is slated to launch on Ethereum in November, with audits already underway. As we approach the launch, there is one more important aspect of the new protocol that has yet to be discussed in depth: protocol incentivized liquidity (PIL). 

It is a novel mechanism which directs a portion of v2 revenue to on-chain targets. Its goal is to create sufficient BOLD liquidity as well as to stimulate the growth of the ecosystem as a whole, all under the direction of LQTY stakers. 

In link below, you’ll learn more about:
- How protocol liquidity incentives are funded
- How staked LQTY directs incentives
- How PIL is aligned with Liquity’s existing philosophy
- Why PIL matters

Liquity v2 is slated to launch on Ethereum in November, with audits already underway. As we approach the launch, there is one more important aspect of the new protocol that has yet to be discussed in depth: protocol incentivized liquidity (PIL). 

It is a novel mechanism which directs a portion of v2 revenue to on-chain targets. Its goal is to create sufficient BOLD liquidity as well as to stimulate the growth of the ecosystem as a whole, all under the direction of LQTY stakers. 

In link below, you’ll learn more about:
- How protocol liquidity incentives are funded
- How staked LQTY directs incentives
- How PIL is aligned with Liquity’s existing philosophy
- Why PIL matters

https://www.liquity.org/blog/directing-protocol-incentivized-liquidity-with-lqty