BOLD is a USD-pegged stablecoin designed for full redemption, issued by the Liquity Protocol. It serves a crucial role within the Liquity ecosystem, primarily facilitating loan payouts. Users benefit from the flexibility of setting their own interest rates while borrowing against various collateral options, including ETHm, wstETH, and rETH. To ensure financial stability, loans secured by BOLD must adhere to a minimum collateral ratio of 110%. This requirement helps maintain the integrity of the lending system. Additionally, the stability of the BOLD stablecoin is reinforced by a Stability Pool composed of BOLD tokens, along with a network of borrowers who act as guarantors of last resort. In essence, BOLD enhances the Liquity Protocol by providing a reliable stablecoin option for users looking to leverage their cryptocurrency holdings. Its integration into the ecosystem creates a balanced and secure lending environment, benefiting all participants.