Is it ERC20?
Liquity
LQTY
Overview
Liquity is a decentralized borrowing protocol that allows users to draw interest-free loans by using their ETH as collateral, minting LUSD, a USD-pegged stablecoin. The LQTY token is used for incentivizing protocol participation, rewarding depositors, and facilitating governance decisions.
Key Features
Stability
Pegged 1:1 to the US Dollar
Wide Adoption
Available on multiple blockchains
Market Information
Technical Details
Integration Projects
Liquity Protocol
Visit →The main platform that enables users to open troves (collateralized debt positions) and borrow LUSD without incurring interest.
LUSD Stablecoin
Visit →A decentralized, USD-pegged stablecoin minted against ETH collateral in the Liquity system.
Stability Pool
Visit →A mechanism to absorb liquidations and distribute LQTY rewards to depositors, enhancing the protocol's resilience.
Troves
Visit →Individual user vaults where ETH collateral is deposited to secure interest-free loans in LUSD.