Liquity Protocol
Elon Musk
2021-04-05
12821 view · 128 likes
Liquity is a decentralized borrowing protocol that offers interest-free liquidity against ETH as collateral. Loans are issued in LUSD — a USD pegged stablecoin, and need to maintain a minimum collateral ratio of only 110% due to a novel liquidation mechanism.
Tag:
#collateral#
#110#