1. Project introduction

Liquity is a decentralized borrowing protocol that allows users to draw interest-free loans against Ether used as collateral. In Liquity, 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.

Liquity as a protocol is non-custodial, immutable, and governance-free. LUSD is the USD-pegged stablecoin used to pay out loans on the Liquity protocol. At any time it can be redeemed against the underlying collateral at face value.

Liquity offers the best borrowing conditions on the market with the main benefits being:

(1) 0% interest rate: A collateral ratio of just 110%;

(2) Governance free: all operations are algorithmic and fully automated;

(3) Directly redeemable: LUSD can be redeemed at face value for the underlying collateral, always and at any time;

(4) Censorship resistant: the protocol is controlled by nobody.

2. Team introduction

CEO: Robert Lauko

Ph.D. in Law. Previously Researcher at DFINITY.

COO: Michael Svoboda

Degree in computer science and economics. Previously CEO and COO at several blockchain companies.

https://www.liquity.org/team

3. Investment institution

Pantera Capital, Nima Capital, Alameda Research, Greenfield.one, IOSG, AngelDAO, etc.

4. Application and distribution

Max. supply: 100,000,000

Token application:

LQTY is the secondary token issued by Liquity. It captures the fee revenue that is generated by the system and incentivizes early adopters and frontends.

Token distribution:

Investors: 33.9%

Community: 33.3%

Team & Advisors: 23.7%

Endowment: 6.1%

Community Reserve: 2.0%

Service Providers: 1.0%