Crypto Rank | Name | Current Price | 24h Price Change | Total Supply | Circulating Supply | |
---|---|---|---|---|---|---|
743 |
LUSD
Liquity USD
LUSD
| $ 1.00 | -0.43% | 62 015 726 | 62 015 726 | Start Trading |
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.