Liquity is built on the Ethereum blockchain. It is a decentralized protocol that lends LUSD, a stable coin whose price is indexed to the US dollar, in exchange for Ethereum. Users can get interest-free loans thanks to the protocol.
Loans require a collateral ratio of 110%. This is very useful for many users. The project has made a name for itself in the DeFi field with the features it offers.
How Does Liquity (LQTY) Work?
Liquity allows users to borrow LUSD against ETH without having to sell their Ethereum collateral and borrow money to repay the loan in the future. Ethereum is the only collateral type crypto asset supported by Liquity.
What are the Advantages of Liquity (LQTY)?
The biggest advantage of Liquity is that it offers the best borrowing conditions on the market:
– 0% interest rate
– Only 110% coverage rate
– Decentralized
– LUSD can be redeemed at face value for the underlying collateral at any time and at any time.
Who are the Founders of Liquity (LQTY)?
Robert Lauko, who continues to work as a research assistant responsible for the development of the Internet Computer (IC) at DFINITY, implemented the Protocol with his co-founder Rick Pardoe in April 2021.
Micheal Svoboda, the CEO of the project, had previously worked as CEO in different blockchain companies.
In his new role as head of research and founder of Liquity, Robert Lauko has raised $8.4 million in funding rounds across three funding rounds, predominantly from Pantera Capital and Polychahin.
Who are Liquity (LQTY) Partners?
LQTY Token total maximum amount distributed as follows
It has a supply of 100,000,000 tokens:
Investors: 33.9%.
Rewards: 32%.
Team and consultants: 23.7%.
Liquity AG Donation: 6.1%.
Community reserve: 2%.
LP Rewards: 1.3%.
Service providers: 1%.
Price Predictions:
It is not a dream or difficult for the price of $0.94 to be priced in the flag formation zones of $1.30, then $1.86 and $2.25, as Dominance shifts to altcoins at the end of September.
The main factor here is the work of the project owners and the behavior of the holders and trade groups.
Purchases:
1) 0.89$
2) 0.82$
Sat Bolgeler:
1) 1.30$
2) 1.86 $
- It is not investment advice, it is information sharing
- Cryptocurrencies Contain Great Risk
