Liquity: decentralized borrowing with stablecoins and tokens.
Liquity is a decentralized borrowing platform using ETH collateral to generate stablecoin loans with 0% interest and features like low collateral ratios and full decentralization.
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What is Liquity (LQTY)?
Liquity functions as a blockchain-based borrowing protocol, allowing users to obtain interest-free loans secured by ETH collateral. Loans are issued in LUSD, a stablecoin pegged to the US dollar. The platform aims to offer a user-friendly and capital-efficient alternative for borrowing stablecoins, addressing issues related to centralized fiat-collateralized stablecoins like USDC, which dominate stablecoin liquidity. Liquity's ecosystem includes two tokens: LUSD, which is distributed to borrowers as a loan, and LQTY, with a total supply of 100 million, used for platform fee revenue and incentives for early adopters and frontends. Key features include one-time fees for borrowing and redemption, with fee rates based on loan size and ETH paid during redemption. Traders can leverage the lower ...
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Liquity price live information
As of now, Liquity is trading at 0.209052 USD, with a 24-hour trading volume of approximately 263.43K USD. The LQTY to USD price is updated in real time. Over the past 24 hours, Liquity has increased by 0.05%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 19.83M USD. Currently, there are 94 865 267.449678 LQTY in circulation out of a maximum supply of 100 000 000 LQTY.
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