Liquity USD(LUSD)
Market Cap$28.61m
Price$1
Total Circulating28.52m
Stablecoin Information
Liquity is a decentralized borrowing protocol that allows you to draw interest-free loans against Ether used as collateral. Loans are paid out in LUSD (a USD pegged stablecoin).
Category:crypto-backed
Minting and RedemptionUsing a Liquity frontend, users mint LUSD by depositing ETH as collateral into a Trove. When the loan is repaid to retrieve the collateral, the paid back LUSD is burned.
Audits:No