Liquity LQTY current price is $0.994 with a marketcap of $78.29 M. Its price is 0.69% up in last 24 hours.
LQTY is a token that captures the fee revenue generated by the Liquity Protocol via staking. 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.
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