Liquity is a decentralized lending protocol that allows users to borrow LUSD loans at low cost by depositing Ethereum, while liquidity providers are rewarded with LQTY tokens. The system is fully automated, governance-free, and runs on Ethereum.
MoreLiquity runs on Ethereum, and users can connect their non-custodial wallet to the platform to deposit tokens and take out loans. The loans are received in the same wallet. The protocol ensures stability through specific collateral ratios and reward systems.
MoreIt is possible to buy Liquity (LQTY) on Coinmerce. Select the coin, choose your payment method, and receive the Liquity (LQTY) tokens in your wallet.
MoreDo you want to buy Liquity (LQTY)? At Coinmerce, you can buy Liquity (LQTY) with iDeal. This allows you to buy Liquity (LQTY) if you are connected to Rabobank, ING, ABN AMRO, or another Dutch bank. Once you are logged in, you can click on "Coins" in the top menu. Now you will see a page with all the cryptocurrencies that Coinmerce offers. If you don't see Liquity (LQTY) listed, use the search function to find Liquity (LQTY) and click on this cryptocurrency. In the right window, you can indicate how much euro you want to spend on Liquity (LQTY). Below, it will show you how much Liquity (LQTY) you will receive for that amount. Have you entered the correct amount? Then click on "Buy".
Liquity aims to make borrowing and lending crypto fairer, cheaper, and easier. On many other lending platforms, users have to put up a lot of collateral and pay high fees to access a loan. Liquity is an automated, governance-free, and decentralized lending protocol that runs on the Ethereum blockchain. Users can connect their non-custodial wallet to Liquity to use the platform. LUSD is one of the tokens of Liquity and plays a significant role within the platform. LUSD is used to execute the loans, while LQTY is the token that rewards users when they provide stability and liquidity to Liquity. When users deposit Ethereum into their account or "Trove," they receive a loan in LUSD. These LUSD tokens can be exchanged for ETH. Liquidity is provided by other users, who receive a reward in the form of interest. Despite being a fully decentralized project, LQTY and LUSD do not offer governance rights. The entire system is self-regulating and based on algorithms. There is no governing body behind the platform.