Liquity is a decentralized borrowing protocol built on the Ethereum blockchain that allows users to obtain interest-free loans by using Ether (ETH) as collateral. These loans are paid out in LUSD, a USD-pegged stablecoin, and the protocol maintains a minimum collateral ratio of 110%. Liquity is designed to offer users a capital-efficient way to borrow against their ETH without paying interest.
Liquity USD (LUSD) is a USD-pegged stablecoin used primarily for borrowing and lending on the Liquity protocol. The protocol distinguishes itself by offering loans without charging ongoing interest. Instead, it implements a one-time borrowing fee, making it an attractive option for those looking to avoid the compounding interest rates typical of traditional and many decentralized finance (DeFi) lending platforms.
Liquity serves as a decentralized borrowing protocol, leveraging Ethereum's blockchain to enable users to obtain interest-free loans by using Ether as collateral.
Another key feature of Liquity is its issuance of a censorship-resistant stablecoin, pegged to the USD. This stablecoin facilitates loans and provides a stable medium of exchange within the ecosystem, enhancing the protocol's utility and appeal.
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