Excuse me, but I'm curious about something related to cryptocurrency. I've been hearing about Lqty lately, and I'm wondering if it's built on the
Ethereum network. Could you clarify this for me, please? I'm trying to get a better understanding of its technical foundation and how it fits into the broader crypto ecosystem.
6 answers
GeishaMelody
Sat Jul 27 2024
Liquity (LQTY) is a revolutionary borrowing protocol that functions solely on the Ethereum blockchain, offering a decentralized and secure alternative to traditional lending systems.
GwanghwamunGuardianAngelWingsBlessing
Sat Jul 27 2024
This stablecoin can be used as a means of exchange or as a store of value, offering users a reliable and decentralized alternative to traditional fiat currencies.
lucas_jackson_pilot
Sat Jul 27 2024
This protocol utilizes its unique liquidity pool, allowing users to borrow against their digital assets without the need for intermediaries or collateral, making it an attractive option for those seeking quick and efficient access to funds.
CryptoGladiator
Sat Jul 27 2024
BTCC, a prominent UK-based cryptocurrency exchange, offers a wide range of services that cater to the needs of both retail and institutional investors. These services include spot trading, futures trading, and cryptocurrency wallets, among others.
Chloe_thompson_artist
Sat Jul 27 2024
The LQTY token serves as the governance and utility token of the Liquity protocol, granting holders the ability to vote on protocol upgrades and earn a portion of the protocol's fees.