Official Liquity Documentation

Liquity is a decentralized borrowing protocol that allows you to draw interest-free loans against Ether used as collateral. Loans are paid out in LUSD (a USD pegged stablecoin) and need to maintain a minimum collateral ratio of 110%.

In addition to the collateral, the loans are secured by a Stability Pool containing LUSD and by fellow borrowers collectively acting as guarantors of last resort. Learn more about these mechanisms in our documentation.

Liquity as a protocol is non-custodial, immutable, and governance-free.

Get an overview of the protocol here:

If you still have questions after browsing our FAQs and documentation — join our Discord!