CryptoCurrencies
1000
 Total Market Cap
14,226,425,308
 Volume 24h
1,670,667,580
 Dominance
S 7.14%   VIRTUAL 6.95%   WETH 4.48%   ZEC 4.32%

Liquity
LQTY

1.450
$
1.14 %
Change 24h
Market Cap
$ 141,326,000
Volume 24h
$ 58,602,000
Circulating Supply
97,574,000
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.