CryptoCurrencies
3300
 Total Market Cap
434,717,703,094
 Volume 24h
28,721,006,404
 Dominance
ETH 51.07%   USDT 19.17%   BNB 9.46%   DOGE 2.20%

Liquity USD
LUSD

1.004
$
0.06 %
Change 24h
Market Cap
$ 280,457,000
Volume 24h
$ 4,541,250
Circulating Supply
279,255,000
LUSD
$
Description
LUSD is a fully redeemable USD-pegged stablecoin issued by the Liquity Protocol. 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.