0% interest loans

Borrow LUSD against ETH

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Total Value Locked

$ ...

0% Interest Rate

Liquity charges a small, one-time fee to borrow LUSD instead of highly variable interest rates.

110% Collateral Ratio*

Liquity's efficient liquidation mechanism allows users to get the most liquidity for their ETH. *Under normal operation.

Unstoppable Stablecoin

LUSD is an immutable, decentralized stablecoin with no centralized counterparty risk.

FAQ

What is Liquity?

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. Learn more about the protocol here.

How can I use Liquity?

You first need to choose a web interface (aka frontend) to access the system. The core team building the protocol will not operate a frontend. Liquity is instead accessed by third-party frontend applications and integration services.

You can find a list of frontends here.

What are the key benefits of Liquity?

Liquity offers the best borrowing conditions on the market with the main benefits being:

- 0% interest rate
- A collateral ratio of just 110%
- Governance free - all operations are algorithmic and fully automated
- Directly redeemable - LUSD can be redeemed at face value for the underlying collateral, always and at any time
- Censorship resistant - the protocol is controlled by nobody

How can I earn money on Liquity?

There are basically two different ways to generate revenue using Liquity:

1. Deposit LUSD to the Stability Pool and earn liquidation gains and LQTY rewards
2. Stake LQTY and earn the revenue from issuance fees (in LUSD) and redemption fees (in ETH)

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