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Liqwid Finance

Liqwid is a decentralized market protocol built on Cardano.

Project Description

Liqwid Finance is a decentralized liquidity protocol built on the Cardano blockchain. The project involved the entire UI/UX design process, the development of parts of the protocol and the ongoing technical management. The goal: to make a complex DeFi application accessible and intuitive for both experienced and new users.

Project Highlights

3

Disciplines deployed: UI/UX design, development and maintenance.

L1

Built on the Cardano blockchain, one of the most sustainable networks.

DeFi

Fully decentralized protocol without a central party.

Images

Liqwid case study cover with the headline 'Decentralized Lending and Borrowing on Cardano', project contributors and design tools, alongside five overlapping mobile screens showing the Liqwid app's dashboard, loans and staking screens
Liqwid main challenges slide describing usability and engagement issues found in the existing web app that guided a phased, metrics-driven redesign rollout
Liqwid redesign results comparing Total Value Locked before the redesign, $1.26 million in February 2023, and after, $145.6 million in December 2024
Liqwid design process diagram outlining foundational UX research stages, task analysis, information architecture, user research, competitor analysis and problem statement, alongside design stages, drafts, wireframes, design system and UI design
Liqwid task analysis FigJam board mapping the Dashboard, Supply, Borrow and Modify user flows with pain point, informative and suggestion sticky notes
Liqwid user empathy map organized into Say, Think, Do and Feel quadrants, capturing user frustrations with navigation, transaction feedback and platform security
Grid of six Liqwid pain points covering dashboard layout shifts after connecting a wallet, inconsistent supply flows, a hard-to-use amount slider and missing transaction feedback
Liqwid competitor analysis comparing Compound, Aave and Folks Finance, listing each DeFi lending protocol's strengths and weaknesses
Liqwid problem statement breakdown covering the core problem, emotional impact, quantifiable impact and actionable redesign steps
Liqwid information architecture sitemap showing the Dashboard, Loans, Staking and Government sections and their nested pages
Grid of iterative Liqwid supply and borrow flow design explorations tested with internal users before finalizing the interface
Liqwid scalable design system in Figma showing primitives, typography, opacity and color tokens alongside a versioned changelog and component library
Laptop and mobile mockups of the redesigned Liqwid markets dashboard and a new, visually clear asset supply flow
Laptop and mobile mockups of the Liqwid position dashboard alongside the refined repay, borrow more and modify collateral flows
Mobile mockups of the Liqwid loans list with liquidation details and the voting power overview with delegation and governance proposals

Links

Liqwid Finance APP

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