Liquity: 80% |
April 11th, 2021
Liquity 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. Learn more about these mechanisms under Liquidations. Liquity as a protocol is non-custodial, immutable and governance-free.
Users can Open a Trove to mint LUSD debt against their ETH and deposit LUSD to the Stability Pool and earn liquidation gains and LQTY
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80%
