What is LQTY

Liquity（LQTY）

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/

Whitepaper:https://docsend.com/view/bwiczmy

Blockchain explorer:https://etherscan.io/token/0x6DEA81C8171D0bA574754EF6F8b412F2Ed88c54D

Discord chat: https://discord.gg/2up5U32

Twitter: https://twitter.com/LiquityProtocol

Discord: https://discord.gg/2up5U32

Github:https://github.com/liquity

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. HTX does not take responsibility for any resulting direct or indirect losses.

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