Ƀ 0.00002060
Just now
(-5.60%)
Liquity is a decentralized borrowing protocol that allows users to draw 0% interest loans against Ether used as collateral. Loans are paid out in LUSD - a USD pegged stablecoin, and need to maintain a minimum collateral ratio of only 110%.
In addition to the collateral, the loans are secured by a Stability Pool containing LUSD and by fellow borrowers collectively acting as guarantors of last resort. Learn more about these mechanisms under Liquidations.
Liquity as a protocol is non-custodial, immutable and governance-free.
Try our free Liquity (LQTY) portfolio tracker if you want to efficiently keep track of your LQTY and other coin/token investments.