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Liquity USD
LUSD

0.8654
£
0.29 %
Change 24h
Crypto Casino
Market Cap
£ 156,337,791
Volume 24h
£ 1,598,605
Circulating Supply
179,888,000
Total Supply
1,465,890,000
LUSD
£
Description
LUSD is a fully redeemable USD-pegged stablecoin issued by the Liquity Protocol. 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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