Liquidy
LQDY
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
LQDY (Liquidy) suffers from substantial data gaps across four of its six evaluated dimensions: Community Support, Market and Use Case, Team and Governance, and Security and Audit History all returned insufficient verifiable data (-1.0) and were excluded from the weighted score. Among the scorable categories, Active Development received a low score of 2.5/10, reflecting existing developer documentation, API references, and DAO infrastructure on THORChain/daodao.zone, but lacking public repositories, changelogs, or formal audit reports. Tokenomics scored 4.0/10; while the token offers real utility via pro-rata treasury claims and staking yields, it faces high dilution risks (a 12-15x FDV-to-market-cap ratio with 90.5M non-circulating tokens lacking a vesting schedule), heavy staker concentration (top 5 stakers control 45.1%), and a thin holder base of only 124 accounts. The final score of 3.3 reflects the redistributed weighted average of the two available sections.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Liquidy (LQDY)
Liquidy (LQDY) is a THORChain-ecosystem project that provides swap infrastructure, arbitrage scanning tools, and API references. The protocol is structured around a decentralized autonomous organization (DAO) hosted on daodao.zone, where the LQDY token grants holders a pro-rata claim on the DAO's treasury assets and protocol revenue, alongside access to staking yields.
The project's tokenomics reflect significant structural concentration and potential dilution risks. LQDY exhibits a 12-to-15x fully diluted valuation (FDV) relative to its circulating market capitalization, driven by 90.5 million non-circulating tokens that lack a published vesting or emission schedule. The token also operates with a concentrated base of 124 holders, where the top five stakers control 45.1% of all staked tokens. Additionally, the protocol faces an unresolved migration overhang from unmigrated MNTA tokens.
While Liquidy maintains developer-facing documentation for swap routes and periodic revenue reporting, its development transparency is limited. There are no public code repositories, changelogs, formal third-party audit reports, or dated roadmap milestones available for verification. The project also exhibits substantial data gaps regarding its broader team identity, market adoption, and community governance activity.