Liquity

Liquity

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Category: CDP
TVL: $322M

Description

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%. The protocol is non-custodial, immutable, and governance-free.