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Lending Protocol Liquity Saw TVL Reached $100 Million After Four Hours Launched On Ethereum
Summary: The decentralized lending protocol Liquity has gone live on the Ethereum mainnet. In four hours, the team saw the total value-locked (TVL) has exceeded $100 million. Liquity allows users to borrow LUSD by staking ETH at an interest rate of 0%. The minimum collateral rate that needs to be maintained is only 110%. LUSD is ...
The decentralized lending protocol Liquity has gone live on the Ethereum mainnet. In four hours, the team saw the total value-locked (TVL) has exceeded $100 million.
Liquity allows users to borrow LUSD by staking ETH at an interest rate of 0%. The minimum collateral rate that needs to be maintained is only 110%.
LUSD is a stablecoin pegged to the U.S. dollar. Users can also deposit LUSD into the stability pool to earn ETH and LQTY rewards. LQTY holders can stake their tokens to earn part of the borrowing/redemption fees charged by the agreement. These fees are allocated to the staking contract by the agreement and accumulated in the form of ETH and LUSD.
By Mary Liu
Tags: Ethereum,Liquity,Stablecoin
Link: Lending Protocol Liquity Saw TVL Reached $100 Million After Four Hours Launched On Ethereum [Copy]
