-
Bitcoin $99,488.6141
2.13% - Ethereum
$3,359.2469
3.56% - XRP
$3.1025
8.74% - Tether USDt
$0.9998
0.02% - BNB
$709.5722
1.33% - Solana
$201.8112
5.95% - Dogecoin
$0.3763
3.87% - USDC
$1.0000
0.00% - Cardano
$1.0467
-0.48% - TRON
$0.2370
5.15% - Avalanche
$39.0924
4.70% - Stellar
$0.4765
0.40% - Sui
$4.6478
1.19% - Chainlink
$21.6354
3.51% - Toncoin
$5.5268
2.00% - Shiba Inu
$0.0000
2.77% - Hedera
$0.3393
9.76% - Polkadot
$6.9693
2.31% - Bitcoin Cash
$457.8045
4.24% - Litecoin
$120.1549
16.74% - UNUS SED LEO
$9.6133
4.06% - Uniswap
$14.2975
6.41% - Bitget Token
$6.6512
1.93% - Hyperliquid
$23.8248
4.70% - Pepe
$0.0000
5.72% - NEAR Protocol
$5.1799
3.09% - Ethena USDe
$1.0003
0.04% - Dai
$0.9999
-0.03% - Aptos
$9.2429
1.96% - Internet Computer
$10.6095
1.72%
What currency is LQTY?
As the native token of the Liquity protocol, LQTY is a stablecoin pegged to the US dollar, collateralizing loans and providing a steady value.
Nov 22, 2024 at 01:38 am
What Currency is LQTY?
LQTY is the native token of the Liquity protocol, a decentralized lending platform built on Ethereum. It is a stablecoin that is pegged to the US dollar, meaning that its value is always intended to be very close to $1.00.
LQTY Tokenomics
- Total Supply: 100 million LQTY
- Circulating Supply: 68 million LQTY
- Max Supply: 100 million LQTY
How does LQTY work?
LQTY is used to collateralize loans on the Liquity protocol. Users can deposit ETH into the protocol and borrow up to 50% of the value of their ETH in LQTY. The LQTY borrowed can then be used to purchase other assets or for any other purpose.
When a user repays their loan, they receive back their ETH and any remaining LQTY that they borrowed. If the value of the ETH deposited falls below 50% of the value of the LQTY borrowed, the user will be liquidated and their ETH will be sold to repay the loan.
Benefits of using LQTY
- Low cost: LQTY can be borrowed at a very low interest rate, making it a cost-effective way to borrow Ether.
- Security: LQTY is backed by ETH, so it is a very secure asset.
- Transparency: The Liquity protocol is open source and transparent, so users can be confident that their funds are safe.
Disadvantages of using LQTY
- Volatility: LQTY is not as volatile as other cryptocurrencies, but it can still experience price fluctuations.
- Limited liquidity: LQTY is not as liquid as other cryptocurrencies, so it can be difficult to buy or sell LQTY quickly.
How to buy LQTY
LQTY can be purchased on a variety of cryptocurrency exchanges, including Uniswap, Sushiswap, and Binance.
How to store LQTY
LQTY can be stored in any cryptocurrency wallet that supports ERC-20 tokens. Some popular wallets that support LQTY include MetaMask, Trust Wallet, and Coinbase Wallet.
Conclusion
LQTY is a stablecoin that is used to collateralize loans on the Liquity protocol. It is a low-cost, secure, and transparent way to borrow Ether. However, LQTY is not as volatile as other cryptocurrencies, and it can be difficult to buy or sell LQTY quickly.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- Bitcoin (BTC) Could Hit $1 Million, but It's Time to Consider Selling Once It Nears Extremely High Targets: Clem Chambers
- 2025-01-16 16:35:33
- Payments-focussed cryptocurrency XRP chalks out its fastest ascent in years
- 2025-01-16 16:35:33
- 5 Cryptocurrencies That Could Experience Significant Gains in the Weeks Ahead
- 2025-01-16 16:35:33
- Bitcoin (BTC) Crosses $100K for the First Time in 2025, Triggering Renewed Optimism in the Crypto Market
- 2025-01-16 16:35:33
- Reliance Jio Platforms Partners with Polygon Labs for Web3 Revolution in India
- 2025-01-16 16:35:33
- Wen $BLUM? Telegram App with 23M Players Explains Token Launch and Airdrop Delay
- 2025-01-16 16:35:33
Related knowledge
What to do if the xrp withdrawal label is filled in incorrectly
Jan 16,2025 at 04:24pm
Oh No! I Goofed Up My XRP Withdrawal Label! What Now?Hey there, fellow crypto enthusiast! We've all been there – you're all excited to withdraw your hard-earned XRP, only to realize you messed up the withdrawal label. Don't panic! Let's walk through this together and see what we can do.1. Stay Calm and Assess the SituationFirst things first, take a deep...
DIMO (DIMO) Coin Exchange Purchase Detailed Operation Tutorial
Jan 08,2025 at 11:18pm
Key PointsUnderstand the basics of cryptocurrency exchangesCreate an account on a reputable cryptocurrency exchangeFund your account with fiat currency or cryptocurrencyFind the DIMO (DIMO) trading pair and place an orderManage your DIMO (DIMO) holdingsStep-by-Step Guide to Purchasing DIMO (DIMO) on a Coin Exchange1. Choose a Cryptocurrency ExchangeSele...
Tectum (TET) Coin Purchase Tutorial Detailed
Jan 09,2025 at 04:04am
Tectum (TET) Coin Purchase Tutorial DetailedKey Points:Tectum (TET) is a cryptocurrency designed to provide a secure and private payment network.It combines blockchain technology with advanced cryptography to enhance user experience and address common cryptocurrency challenges.Interested individuals can purchase TET through various exchanges, including ...
What are the factors that are positive for GamerCoin (GHX)?
Jan 07,2025 at 11:43pm
Key Points:Surging popularity in blockchain gaming: GamerCoin's focus on blockchain gaming has positioned it well to capitalize on the rapidly growing industry.Strong community support: The project boasts a loyal and passionate community that actively engages with its development and promotion.Partnerships with key players: Collaborations with industry ...
Introduction to several methods to obtain GamerCoin (GHX) coins
Jan 06,2025 at 09:52pm
Key Points:Understand the nature and application of GamerCoin (GHX)Explore various methods to obtain GHX coins: DEXs, staking, airdrops, faucets, and play-to-earn gamesGain insights into the advantages and drawbacks of each methodDevelop a comprehensive strategy to maximize GHX acquisitionExplore potential risks associated with obtaining GHX coinsMethod...
What are the regulatory risks associated with GEODNET (GEOD) Coin?
Jan 08,2025 at 09:02am
Key Points:GEODNET (GEOD) Coin is a decentralized, proof-of-stake blockchain project that incentivizes data sharing and data aggregation.The project aims to create a global network of shared data for the benefit of all participants.GEOD Coin is the native currency of the GEODNET platform, used for incentivizing data sharing and rewarding network partici...
What to do if the xrp withdrawal label is filled in incorrectly
Jan 16,2025 at 04:24pm
Oh No! I Goofed Up My XRP Withdrawal Label! What Now?Hey there, fellow crypto enthusiast! We've all been there – you're all excited to withdraw your hard-earned XRP, only to realize you messed up the withdrawal label. Don't panic! Let's walk through this together and see what we can do.1. Stay Calm and Assess the SituationFirst things first, take a deep...
DIMO (DIMO) Coin Exchange Purchase Detailed Operation Tutorial
Jan 08,2025 at 11:18pm
Key PointsUnderstand the basics of cryptocurrency exchangesCreate an account on a reputable cryptocurrency exchangeFund your account with fiat currency or cryptocurrencyFind the DIMO (DIMO) trading pair and place an orderManage your DIMO (DIMO) holdingsStep-by-Step Guide to Purchasing DIMO (DIMO) on a Coin Exchange1. Choose a Cryptocurrency ExchangeSele...
Tectum (TET) Coin Purchase Tutorial Detailed
Jan 09,2025 at 04:04am
Tectum (TET) Coin Purchase Tutorial DetailedKey Points:Tectum (TET) is a cryptocurrency designed to provide a secure and private payment network.It combines blockchain technology with advanced cryptography to enhance user experience and address common cryptocurrency challenges.Interested individuals can purchase TET through various exchanges, including ...
What are the factors that are positive for GamerCoin (GHX)?
Jan 07,2025 at 11:43pm
Key Points:Surging popularity in blockchain gaming: GamerCoin's focus on blockchain gaming has positioned it well to capitalize on the rapidly growing industry.Strong community support: The project boasts a loyal and passionate community that actively engages with its development and promotion.Partnerships with key players: Collaborations with industry ...
Introduction to several methods to obtain GamerCoin (GHX) coins
Jan 06,2025 at 09:52pm
Key Points:Understand the nature and application of GamerCoin (GHX)Explore various methods to obtain GHX coins: DEXs, staking, airdrops, faucets, and play-to-earn gamesGain insights into the advantages and drawbacks of each methodDevelop a comprehensive strategy to maximize GHX acquisitionExplore potential risks associated with obtaining GHX coinsMethod...
What are the regulatory risks associated with GEODNET (GEOD) Coin?
Jan 08,2025 at 09:02am
Key Points:GEODNET (GEOD) Coin is a decentralized, proof-of-stake blockchain project that incentivizes data sharing and data aggregation.The project aims to create a global network of shared data for the benefit of all participants.GEOD Coin is the native currency of the GEODNET platform, used for incentivizing data sharing and rewarding network partici...
See all articles
