Liquity USD
LUSD

1.020
$
0.58 %
Change 24h
Market Cap
$ 510,591,000
Volume 24h
$ 20,173,900
Circulating Supply
501,942,000
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.
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