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Liquity
LQTY

0.6536
£
1.00 %
Change 24h
Crypto Casino
Market Cap
£ 53,390,944
Volume 24h
£ 297,257
Circulating Supply
82,021,300
Total Supply
100,000,000
LQTY
£
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.
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