Alternity CNY(LCNY)Deprecated stablecoin

Stablecoin information

Alternity protocol is a fork of the initial code of the Liquity Protocol. Minor amendments have been added to the protocol logic in order to make the stablecoin Yuan-pegged.

Category:crypto-backed

Minting and Redemption

Users can redeem their LCNY for ETH at any time without limitations. However, a redemption fee might be charged on the redeemed amount.

Audits:No