Liquity is a decentralized stablecoin protocol that allows users to mint stablecoin (LUSD) by depositing ETH as collateral.
LQTY is the native token of the project. The current use case for LQTY include:
Staking: Earn the fees generated from borrowing and redemption fees in LUSD and ETH.
The project consists of the following major components working in conjunction:
Overcollateralized Stablecoin: LUSD is a decentralized stablecoin that is fully redeemable, allowing holders to redeem LUSD for the underlying ETH collateral at face value.
As at February 28th 2023, the total token supply of LQTY is 100,000,000. The current circulating supply is 90,937,413 (~91% of total supply).
Learn more about the token distribution of LQTY here.
A Decentralized Stablecoin Protocol.
Feb 28th, 2023