liquity
Business Description 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 - a USD pegged stablecoin, 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. Learn more about these mechanisms under Liquidations.
Liquity as a protocol is non-custodial, immutable and governance-free.
Tags Ethereum, Financial Services, Lending
Website https://www.liquity.org/
Articles about liquity:
💡 You're a corporate or investor and looking for startups that are innovating in the same market as
liquity? We're happy to assist you with our
Startup Sourcing service.