Liquity USD
LUSD

84.36
0.51 %
Change 24h
Market Cap
₹ 14,336,357,681
Volume 24h
₹ 695,814,322
Circulating Supply
170530201
Total Supply
611,766,719
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.