Provides a stable medium of exchange for DeFi transactions.
Facilitates decentralised borrowing, allowing users to access liquidity without selling their ETH.
Serves as collateral in DeFi platforms for additional lending activities.
Offers a hedge against cryptocurrency volatility through its pegged value to the US dollar.
Enables seamless integration into DeFi ecosystems for trading, yield farming, and liquidity provision.
News
No News Found
No News Found
About
Liquity USD (LUSD) is a decentralised stablecoin minted through the Liquity Protocol, a blockchain-based lending platform founded in 2021. Operating without direct centralised oversight, LUSD maintains a stable value pegged to the US dollar by collateralising Ether (ETH). Users deposit ETH to mint LUSD, promoting a mortgage-free borrowing process that ensures efficiency and stability. The system utilises an innovative mechanism called the Stability Pool, designed to handle liquidations efficiently. This system ensures LUSD remains stable even during volatile market conditions. By employing over-collateralisation and algorithmic adjustments to safeguard its value, Liquity USD is an essential tool for both decentralised finance (DeFi) enthusiasts and businesses seeking reliability without relying on centralised financial institutions.
Provides a stable medium of exchange for DeFi transactions.
Facilitates decentralised borrowing, allowing users to access liquidity without selling their ETH.
Serves as collateral in DeFi platforms for additional lending activities.
Offers a hedge against cryptocurrency volatility through its pegged value to the US dollar.
Enables seamless integration into DeFi ecosystems for trading, yield farming, and liquidity provision.
News
No News Found
No News Found
About
Liquity USD (LUSD) is a decentralised stablecoin minted through the Liquity Protocol, a blockchain-based lending platform founded in 2021. Operating without direct centralised oversight, LUSD maintains a stable value pegged to the US dollar by collateralising Ether (ETH). Users deposit ETH to mint LUSD, promoting a mortgage-free borrowing process that ensures efficiency and stability. The system utilises an innovative mechanism called the Stability Pool, designed to handle liquidations efficiently. This system ensures LUSD remains stable even during volatile market conditions. By employing over-collateralisation and algorithmic adjustments to safeguard its value, Liquity USD is an essential tool for both decentralised finance (DeFi) enthusiasts and businesses seeking reliability without relying on centralised financial institutions.
Search
