DescriptionLiquity is a decentralized borrowing protocol that allows you to draw interest-free loans against Ether used as collateral. Loans are paid out in LUSD (a USD pegged stablecoin).

Category:crypto-backed

Minting and RedemptionUsing a Liquity frontend, users mint LUSD by depositing ETH as collateral into a Trove. When the loan is repaid to retrieve the collateral, the paid back LUSD is burned.