CryptoCurrencies
1000
 Total Market Cap
21,501,640,003
 Volume 24h
1,720,241,515
 Dominance
WBT 18.88%   LBTC 8.65%   POL 7.92%   S 7.44%

Liquity
LQTY

0.6714
$
3.94 %
Change 24h
Market Cap
$ 65,374,900
Volume 24h
$ 12,789,900
Circulating Supply
97,345,900
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.