Everything You Need to Know About Liquity Token
LQTY is a coin that collects the Liquity Protocol's fee revenue through staking. Liquity is a decentralized borrowing protocol that allows you to take out loans with no interest against Ether as collateral. Loans are made in LUSD and must have a collateral ratio of no less than 110 percent. The loans are backed, in addition to the collateral, by a Stability Pool comprising LUSD and by other borrowers collectively acting as guarantors of last resort. Liquity is a non-custodial, immutable, an...
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Source: techstory.in