Liquity
Liquity is a decentralized lending protocol that is benchmarked against MakerDAO and can achieve interest-free liquidity. Users can borrow LUSD against ETH used as collateral with a minimum collateralization ratio of 110%. The protocol needs to charge issuance fees and redemption fees (one-time fees). There are two tokens, including LUSD - a USD pegged stablecoin, and governance token LQTY. Users can provide LUSD to the Stability Pool to protect the security of the system and obtain LQTY rewards.
Liquity is a decentralized lending protocol that is benchmarked against MakerDAO and can achieve interest-free liquidity. Users can borrow LUSD against ETH used as collateral with a minimum collateralization ratio of 110%. The protocol needs to charge issuance fees and redemption fees (one-time fees). There are two tokens, including LUSD - a USD pegged stablecoin, and governance token LQTY. Users can provide LUSD to the Stability Pool to protect the security of the system and obtain LQTY rewards.
