Institutions
Institutions
About Liquity USD (LUSD)
Buy Liquity USD
Liquity is a borrowing and lending protocol where users can obtain loans of the Liquity USD stablecoin, LUSD, by staking collateral. In contrast to competitors like MakerDAO, Liquity loans carry a 0% interest rate but charge a fee for loan creation. The minimum loan size on Liquity is 2,000 LUSD. To obtain a loan, users deposit ether into a “trove.” Whereas Liquity itself does not provide a frontend interface to interact with the protocol, it offers its native utility token, LQTY, to incentivize the development of frontend interfaces by third parties.
Token
LUSD is a USD-pegged ERC-20 token compliant with the Ethereum network. Liquity users can mint LUSD by depositing crypto onto the platform as collateral.
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