Liquity USD LUSD
LUSD
0.9989
$
0.10 %
Change 24h
Market Cap
$ 61,643,195
Volume 24h
$ 927,379
Circulating Supply
61,790,602
Total Supply
229,979,359
Website
Social
LUSD
$
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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.