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Liquity USD

LUSD

Price
$1.04
12/2/2022, 1:25:29 PM
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Trade Liquity USD on DEX

Liquity USD can be traded on a decentralized exchange (DEX) using your Coinbase dapp wallet.

Market

Market stats

Market cap

$184.8M

Volume (24h)

$2.0M

Circulating supply

178.4M LUSD

All time high

$3.12

Price change (1h)

+0.13%

Price change (24h)

-0.31%

Price change (7d)

-0.39%

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Liquity USD is on the decline this week.

The price of Liquity USD has fallen by 0.39% in the past 7 days. The price declined by 0.31% in the last 24 hours. In just the past hour, the price grew by 0.13%. The current price is $1.04 per LUSD. Liquity USD is 66.80% below the all time high of $3.12.

The current circulating supply is 178,444,342.517 LUSD.

About

What Is Liquity USD (LUSD)?

Liquity (LUSD) is a decentralized lending protocol that allows users to withdraw funds with zero percent interest loans when they leverage ETH as collateral. Loans are paid in LUSD, a dollar-pegged stablecoin. A pegged token is an asset issued on a blockchain pegged to a currency issued by a government or bank. The Liquity protocol is non-custodial, immutable, and governance-free.

According to the whitepaper, the user first needs to choose a web interface (also known as the front end) to access the system. The core team building the protocol cannot operate on the front end. Instead, Liquity is accessed by third-party front-end applications and integration services.

Liquity aims to provide several borrowing conditions in the market, and the main benefits are:

  • 0% interest rate

  • The collateral ratio of 110%

  • No governance - all operations are algorithmic and completely automated

  • Directly redeemable - LUSD can be redeemed for the underlying collateral at face value and at any time

  • Censorship resistance - protocol is not controlled by anyone Liquity’s token, LUSD, is a completely redeemable stablecoin. The system allows holders to exchange their LUSD tokens for underlying ETH collateral based on the face value of the redeemed tokens. This enables direct arbitrage when LUSD trades below $1 by creating a price floor for LUSD. Therefore, redemption is subject to a redemption fee, a function of the base exchange rate and the LUSD redemption amount. The minimum redemption fee is 0.5%. Fees are deducted from redeemed LUSD, reducing the ETH that redeemers receive in return.

Liquity provides liquidity without charging borrowers interest or recurring fees. ETH holders can use their collateral for liquidity. However, as an algorithmically controlled instrument, the protocol charges a borrowing fee (one-time fee) on newly withdrawn liquidity to support the peg to the U.S. dollar. Users can use their stablecoin LUSD to participate in the wider DeFi market, consisting of many different products designed to generate revenue.

Additionally, Liquity has incentivized new avenues for decentralization and growth by tokenizing and redistributing a significant portion of its protocol revenue to users and front-end operators. The platform aims to educate users on usage and provide background information on liquidity protocols.

History of Liquity USD (LUSD)

The whitepaper of Liquity USD (LUSD) was released on April 5, 2021. The total supply of Liquity USD is 719,446,095 LUSD.

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FAQ

What is the current price of Liquity USD?

The price of 1 Liquity USD currently costs $1.04.

What is the market cap of Liquity USD?

The current market cap of Liquity USD is $184.83M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Liquity USD?

The all-time high of Liquity USD is $3.12. This all-time high is highest price paid for Liquity USD since it was launched.

What is the 24 hour trading volume of Liquity USD?

Over the last 24 hours, the trading volume of Liquity USD is $1.98M.

What other assets are similar to Liquity USD?

Assets that have a similar market cap to Liquity USD include Polymath, Symbol, Livepeer, and many others. To see a full list, see our comparable market cap assets.

How many Liquity USD are there?

The current circulating supply of Liquity USD is 178 million.