Liquity LQTY
LQTY
1.031
$
7.34 %
Change 24h
Market Cap
$ 98,363,642
Volume 24h
$ 30,951,453
Circulating Supply
95,639,803
Total Supply
100,000,000
Website
Social
LQTY
$
| # | Exchange | Pair | Price | Volume 24h |
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Description
LQTY is a token that captures the fee revenue generated by the Liquity Protocol via staking. Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral. Loans are paid out in LUSD 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.
Liquity as a protocol is non-custodial, immutable, and governance-free.