We’re excited to welcome Liquity (LQTY) to our DeFi Innovation Zone today! LQTY joins 100+ other DeFi assets on Poloniex.
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What is LQTY?
LQTY is a token that captures the fee revenue generated by the Liquity Protocol via staking. Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral. Loans are paid out in LUSD and need to maintain a minimum collateral ratio of only 110%. In addition to the collateral, the loans are secured by a Stability Pool containing LUSD and by fellow borrowers collectively acting as guarantors of last resort.
Market Cap: $90,589,343
24h Trading Volume: $10,623,005
Market Cap Rank: #370
24h Low / 24h High: $38.82 / $56.64
All Time High: $146.94 (April 05, 2021)
All-Time Low: $9.18 (April 05, 2021)
Circulating Supply: 1,976,534 / 100,000,000 LQTY