Crypto Of Today: Liquity ( $LUSD & $LQTY )

in #investinglast year (edited)

Tickity tock, Liquity lock, the money gets sent to my Ledger Nano bank.

Summary: Liquity is a decentralized, borrowing protocol on the Ethereum chain, that allows you to deposit your crypto assets in order to borrow their $LUSD stable coin at a 110% collateral ratio, and an almost 0% interest.

As a truly decentralized protocol, there's no official front end or website to use the protocol. Liquity gives users access to the protocol through third-party sites and providers in order to make the protocol as censorship resistant as possible.

Liquity, to provide equity to all its users, has no governance tokens, and the protocol is not controlled by a centralized team of developers. It is a truly decentralized project.

Site: https://www.liquity.org/
CMC: https://coinmarketcap.com/currencies/liquity/
Godwrath's NFTs:
https://opensea.io/GodwrathCCGArts
https://opensea.io/GodwrathCCG