Liquity is a new decentralized borrowing protocol designed to generate unprecedented liquidity against ETH as collateral!
Issuing Liquidity interest-free was never so easy and smooth!
What is Liquity?
Liquity allows you to draw 0% interest loans against Ether used as collateral. Loans are paid out in LUSD — the protocol’s native stablecoin which is pegged to the US Dollar and need to maintain a minimum collateral ratio of only 110%.
Also, the loans are secured by a LUSD Stability Pool and by fellow borrowers collectively acting as guarantors of last resort. Liquity as a protocol is noncustodial, immutable, and governance-free.