Liquity USD LUSD
LUSD
1.001
$
0.24 %
Change 24h
Market Cap
$ 35,653,773
Volume 24h
$ 601,398
Circulating Supply
35,612,832
Total Supply
259,667,728
Website
Social
LUSD
$
| # | Exchange | Pair | Price | Volume 24h |
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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.