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Liquity USD LUSD
LUSD
1.003
$
0.12 %
Change 24h
Market Cap
$ 43,581,536
Volume 24h
$ 166,996
Circulating Supply
43,459,561
Total Supply
179,495,955
LUSD
$
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.