Liquity USD (LUSD) Live Price and charts Today

1 Liquity USD (LUSD) Price Today in USD is $1.0081

Liquity USD (LUSD) = $1.0081 USD

Liquity USD (LUSD) all-time high (ATH) is $1.5625 USD

The maximum supply of Liquity USD (LUSD) is Unknown

Liquity USD (LUSD) 24h volume is $188.77 Kilo USD

Liquity USD (LUSD) Market Cap is $215.44 Million(s) USD

Liquity USD
$1.0081
-0.32%
Liquity USD (LUSD) Price Chart
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  • 1H -0.28%
  • 24H -0.32%
  • 1Y -0.05%
  • Rank #234
  • Market Cap -0.12% $215,444,776
  • 24H Spot Volume -26.07% $188,771.96
  • 24H Volume / Market Cap -
  • Circulating Supply 213,719,620.43
  • Total Supply 213,726,759
  • Max Supply -
  • Fully Diluted Valuation -
  • API ID liquity-usd copy duigou
  • Project Start Date Apr, 2021
  • Contracts & Explorer(s) coin-img 0x5f9...68bA0
    copy duigou
  • Websites Website
  • Links
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About LUSD Roadmap & Milestones
LUSD is the USD-pegged stablecoin used to pay out loans on the Liquity protocol.

Liquity is a decentralized protocol that allows Ether holders to obtain maximum liquidity against their collateral without paying interest. After locking up ETH as collateral in a smart contract and creating an individual position called a "trove", the user can get instant liquidity by minting LUSD, a USD-pegged stablecoin. Each trove is required to be collateralized at a minimum of 110%. Any owner of LUSD can redeem their stablecoins for the underlying collateral at any time. The redemption mechanism along with algorithmically adjusted fees guarantee a minimum stablecoin value of USD 1. An unprecedented liquidation mechanism based on incentivized stability deposits and a redistribution cycle from riskier to safer troves provides stability at a much lower collateral ratio than current systems. Stability is maintained via economically-driven user interactions and arbitrage, rather than by active governance or monetary interventions. The protocol has built-in incentives that encourage both early adoption and the operation of multiple front ends, enhancing decentralization.

 

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