liquity v2 is paying 9% on BOLD/USDC LP entirely from borrower interest. zero token emissions. zero governance. zero admin keys. fixed 1.5% borrow rate across ETH, wstETH, rETH in isolated markets. after aave ate $236m in bad debt because a risk committee rubber-stamped broken collateral, the protocol that literally cannot add new assets is the one generating the cleanest real yield in DeFi. immutability is a feature when every governed protocol is one committee oversight away from insolvency ...