Description
Liquid Loans is a fully decentralized, non-custodial DeFi protocol built for ETH and PLS holders who want to borrow against their crypto without paying interest or selling their assets. Users lock ETH or PLS as collateral into a self-custodied Vault smart contract, mint USDL — a fully collateralized, decentralized stablecoin — and can spend, stake, or save it as they choose, repaying and unlocking their collateral whenever they wish with no repayment schedule. The protocol also offers ways to earn yield on crypto holdings without selling. Liquid Loans operates on Base and PulseChain, has been independently audited by Halborn, and reports over 9,325 wallets connected, 6,635+ stakers, 1,578+ Vault owners, and over $6.1M in USDL minted since launch. It targets long-term crypto holders, people seeking yield on idle savings, and users disillusioned with traditional finance (TradFi) and centralized finance (CeFi).