DeFi protocol Likwid V2 wins Uniswap Labs DeFi Innovation Champion

At the EthDenver 2025 hackathon, the DeFi protocol Likwid V2, developed based on Uniswap V4 Hook, won the highest award in the "DeFi Innovation Track" from Uniswap Labs. The project integrates decentralized exchanges and lending protocols through an innovative protocol architecture, achieving on-chain lending without the need for oracles for the first time.

Likwid V2 utilizes the Hook mechanism of Uniswap V4, allowing users to use pool assets as collateral, dynamically calculating interest rates and liquidation conditions, thereby eliminating the reliance of traditional lending protocols on oracles. Its no-audit mechanism supports users in freely creating short positions and continues the leveraged trading functionality of its predecessor, effectively filling the industry gap in the short-selling mechanism in the crypto market.

It is reported that Likwid V2 plans to launch on the mainnet in the second quarter of 2025, at which time it will open the permissionless lending pool creation feature.