DescriptionLiquity 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).
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.
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