From 11h00 AM UTC on February 28th, we officially list Liquity (LQTY) on the ONUS application. Soon after LQTY is added, users can perform the following features:
- Off-chain transactions: Send and receive LQTY with other users in the ONUS network.
- Exchange: Swap from VNDC or USDT to LQTY and vice versa.
About Liquity
Liquity is a decentralized borrowing protocol built on Ethereum that allows you to withdraw 0% interest loans against Ether used as collateral.
Liquity offers the best loan terms in the market with the main benefits being:
– 0% interest rate and only 110% collateral ratio
– Free of charge, all operations are algorithmic and fully automatic
– LUSD (stablecoin pegged to USD) can be exchanged for the underlying collateral at any time
Website: https://www.liquity.org/
What is LQTY Token?
LQTY is a secondary token issued by Liquity. Used for 2 main purposes:
– Earn fees: Staking Liquity to earn fees from issuing and redeeming loans.
– Rewards: LQTY is used as a reward to incentivize liquidity, platform users and GUI host.
Specifications
- Name: Liquity
- Symbol: LQTY
- Platform: Ethereum
- Type: Utility
- Smart Contract: 0x6DEA81C8171D0bA574754EF6F8b412F2Ed88c54D
