Liquity Price（LQTY）USD

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Liquity as a protocol is non-custodial, immutable and governance-free. It is a decentralized borrowing protocol that allows you 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.

As well as LUSD, Liquity also uses its native ERC-20 utility token, LQTY. First and foremost, LQTY is an incentive token. Its primary purpose is to bring new users to the platform and encourage participation in rewards pools, providing more liquidity and economic security to the protocol.

What Are the Key Benefits of Liquity?

Liquity offers the best borrowing conditions on the market with the main benefits being:

– 0% interest rate

– A collateral ratio of just 110%

– Governance free – all operations are algorithmic and fully automated

– Directly redeemable – LUSD can be redeemed at face value for the underlying collateral, always and at any time

– Censorship resistant – the protocol is controlled by nobody

How Can I Earn Money on Liquity?

There are basically two different ways to generate revenue using Liquity:

1.Deposit LUSD to the Stability Pool and earn liquidation gains and LQTY rewards.

2.Stake LQTY and earn the revenue from issuance fees (in LUSD) and redemption fees (in ETH).

Whitepaper

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