Liquity

About Liquity

Liquity (LQTY) is a decentralized borrowing protocol built on Ethereum that allows users to take out interest-free loans using Ether as collateral. Loans are issued in LUSD, a stablecoin pegged to the US dollar, and require a minimum collateral ratio of just 110%. The protocol is secured by a Stability Pool and a collective guarantor system among borrowers. LQTY is the governance token that captures fee revenue generated by the protocol through staking. Liquity operates as a non-custodial, immutable, and governance-free system, removing reliance on human decision-making or traditional financial intermediaries.