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Liquity Introduction

Liquity is a decentralized borrowing protocol that allows users to borrow interest-free against ETH used as collateral. Loans are paid out in LUSD – a USD pegged stablecoin, and need to maintain a minimum collateral ratio of only 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. Users can deposit LUSD to the Stability Pool to earn yield in the form of LQTY and to purchase ETH at a discount when liquidations occur.

Liquity as a protocol is non-custodial, immutable and governance-free.

Since our launch in April '21, Liquity has grown to >$2B TVL and is a Top 10 DeFi protocol on Ethereum. LUSD has grown to a market cap of over $600M and over $14.5M in protocol revenue has been distributed to LQTY stakers.

Resources

Get started

https://www.liquity.org/blog/a-beginners-guide-to-trove-management
https://www.liquity.org/blog/understanding-liquitys-stability-pool
https://www.liquity.org/frontend

General

Website: https://www.liquity.org/

Twitter: https://twitter.com/LiquityProtocol

Telegram: https://t.me/liquityprotocol

Medium: https://medium.com/liquity