Last updated at 2022/10/04
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Liquity USD, $LUSD

USD-pegged Stablecoin

KPIs & Market Data

Market Cap
$175M
Market Cap 7d %
+0.68%
Market Cap 30d %
-6.03%
Volume 24h
$493.5K
Volume 7d
$43M
Mechanism
Governance
None
Issuer
Liquity Protocol
Jurisdiction
n.a.

LUSD is an ETH-backed stablecoin that is pegged 1:1 to USD and issued through the Liquity Protocol. The Liquity protocol is a fully decentralized borrowing protocol that allows depositing ETH and borrowing LUSD at 0% interest and with a min. collateral ratio of 110%.
A crucial innovation, the Stability Pool, acts as an additional stability buffer at market downturns. The main USP of LUSD is that the Liquity Protocol is fully decentralized and governance-free. This means that the protocol is deployed and can never be changed.

Risks

  • Smart Contract Risk
  • Risk of devaluation of on-chain collateral due to high-volatility
  • Loss of funds due to de-peg

$LUSD Newsticker

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