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LUSD is the USD-pegged stablecoin used to pay out loans on the Liquity protocol. Liquity is a decentralized borrowing protocol that allows you to draw interest-free 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 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 in our documentation. Liquity as a protocol is non-custodial, immutable, and governance-free.
Liquity’s key benefits include:
0% interest rate — as a borrower, there’s no need to worry about constantly accruing debtMinimum collateral ratio of 110% — more efficient usage of deposited ETHGovernance free — all operations are algorithmic and fully automated, and protocol parameters are set at time of contract deploymentDirectly redeemable — LUSD can be redeemed at face value for the underlying collateral at any timeFully decentralized — Liquity contracts have no admin keys and will be accessible via multiple interfaces hosted by different Frontend Operators, making it censorship resistan.Exchange | Pair | Last Price | Change (24H) | High (24h) | Low (24h) | Spread | Volume (24h) |
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