Про Liquity

Liquity operates as a blockchain-based borrowing protocol, allowing users to take out interest-free loans secured by ETH collateral. Loans are issued in LUSD, a stablecoin pegged to the US dollar. The platform aims to provide a user-friendly and capital-efficient way of borrowing stablecoins, addressing issues related to centralized fiat-collateralized stablecoins like USDC, which dominate liquidity. Liquity features two tokens: LUSD, distributed to borrowers as a loan, and LQTY, with a total supply of 100 million tokens, used for platform fee revenue and incentives for early adopters and frontends. Key features include one-time fees for borrowing and redemption, calculated based on the loan amount and ETH paid during redemption. Traders leverage the platform’s lower collateral ratio of 11...