Liquity USD
LUSD
$1.006
Current Price
+0.28%
24h Change
Info
LUSD
Symbol
$26.26M
Fully Diluted Valuation
$26.26M
Market Cap
749
Market Rank
26.10M
Total Supply
$55.32K
Total Volume
$1.017
24h High
$0.982107
24h Low
About Liquity USD
Liquity USD (LUSD) is a stablecoin designed to maintain a 1:1 peg with the US dollar, issued by the innovative Liquity Protocol. The core mission of LUSD is to offer a decentralized, interest-free borrowing solution that allows users to leverage their Ethereum holdings. By requiring only a 110% collateral ratio, Liquity reduces the capital inefficiency typically associated with collateralized loans. The protocol is non-custodial and immutable, eliminating governance layers to ensure a truly decentralized operation. Loans in LUSD are supported by a Stability Pool and are collectively secured by other borrowers, acting as guarantors of last resort. In the broader ecosystem, LUSD serves as a vital component in decentralized finance (DeFi), offering a reliable and stable medium of exchange for various applications. The Liquity Protocol's unique structure integrates seamlessly into DeFi platforms, enabling developers and users to build and interact with applications that require a stable value asset. Its adoption is evidenced by its growing presence in DeFi platforms and partnerships, showcasing its utility and stability in a volatile market. By providing a stable, decentralized alternative to traditional stablecoins, LUSD continues to strengthen its position within the cryptocurrency landscape.
Start trading Liquity USD (LUSD) on Backpack Exchange with competitive fees and advanced trading tools.
FAQ
Information on this page is provided for informational purposes only and does not constitute investment advice. This is not a recommendation to buy or sell any digital asset or to employ any particular investment strategy. Backpack makes no representation as to the accuracy, suitability, or validity of the information provided.
Certain content is sourced from third parties not affiliated with Backpack. Backpack is not responsible for such content, nor is it liable for any errors, delays, or actions taken in reliance on it. Prices and data are for illustrative purposes only and may differ from actual market values. Digital assets involve significant risk and can fluctuate substantially. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition, and consult your own professional advisors for legal, tax, or investment guidance.
Buy Liquity USD with the Backpack App
Download Backpack to buy, sell and manage your crypto on the go
Top Movers
