Liquity USD
LUSD

0.9832
$
1.43 %
Change 24h
Market Cap
$ 1,485,890,000
Volume 24h
$ 72,110,500
Circulating Supply
1,511,310,000
Total Supply
1,543,170,000
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.