Decentralzied stablecoin $LUSD's governance token $LQTY surged 50%

Due to the recent intensifying regulatory pressure on centralized stablecoin, decentralized stablecoins regain attention. $LQTY, the governance token of decentralized stablecoin protocol Liquity, has surged in the past 24 hours. $LUSD is an overcollateralized stablecoin like $DAI, but it pursues minimal governance, no exposure to real-world assets, only using $ETH as collateral.

Liquity is a decentralized borrowing protocol that allows users to take out interest-free loans using Ether as collateral. The loans are paid out in $LUSD, a USD pegged stablecoin, and are secured by a stability pool and fellow borrowers as guarantors.

Liquity is a non-custodial, immutable, and governance-free protocol that provides a more capital efficient and user-friendly way to borrow stablecoins. The key benefits of Liquity include 0% interest rate, minimum collateral ratio of 110%, governance-free, directly redeemable, and fully decentralized.

$LUSD is the stablecoin used in the protocol while $LQTY is a secondary token that captures fee revenue and incentivizes early adopters.

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