I. Project Introduction
Liquity is a decentralized borrowing protocol that allows you to draw interest-free loans against Ether used as collateral. Loans are paid out in LUSD (a USD pegged stablecoin) and need to maintain a minimum collateral ratio of 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. Learn more about these mechanisms in our documentation.
Liquity as a protocol is non-custodial, immutable, and governance-free.
II. Token Information
1) Basic Information
- Token name: Liquity（LQTY）
- Total supply: 100,000,000
- Tokens in Circulation: 14,780,862
- TGE Date: 6th April 2021
III. Related Links
Official Website: https://www.liquity.org/
Discord chat: https://discord.gg/2up5U32
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Huobi does not take responsibility for any resulting direct or indirect losses.
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