Liquity is a decentralized protocol offering interest-free liquidity against Ether through its USD-pegged stablecoin, LUSD. It issues loans called troves that require overcollateralization, with a minimum collateralization ratio of 110%. That low ratio is enabled by a novel, efficient liquidation process for troves that fall below the minimum. The protocol is fully algorithmic with minimal human governance and relies on a decentralized network of financially incentivized front-end operators. Liquity has partnered with Gauntlet to simulate and stress test its complex incentive mechanisms. The company plans to use recently raised seed proceeds to support platform growth and development and to help bootstrap network usage.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Oct 2020