How to take out an interest free loan using Liquity
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.
In this tutorial we run through the steps of taking out a loan on Liquity and what to do with LUSD once you've done so.
Liquity site: https://www.liquity.org/
Liquity Documentation: https://docs.liquity.org/
How liquity handled the big drop: https://medium.com/liquity/how-liquity-handled-its-first-big-stress-test-160f20d5b18f
Why get rid of floating interest rates: https://medium.com/liquity/how-liquity-replaces-floating-interest-rates-a3e6ad16ece0
The frontend I used: https://eth.liquity.fi/
The frontend I preferred: liquity.ap
Our sponsors
balancer.finance
solana.com/Defiant
app.zerion.io
Follow The Defiant
https://newsletter.thedefiant.io/
https://twitter.com/defiantnews
https://thedefiant.io/
https://t.me/DefiantNews
https://t.me/DefiantChat
Follow Robin on Twitter: https://twitter.com/DirSchmidt
-
14:57
Standpoint with Gabe Groisman
3 days agoEp. 37. Failed Assassination was a Revealed Miracle
123K45 -
13:43
Scammer Payback
4 days agoDeleting this Scammer Scumbags personal photos
137K57 -
42:39
The Why Files
6 days agoWe Are the Aliens | Life's Interstellar Journey to Earth: Panspermia
162K101 -
1:24:34
Michael Franzese
1 day agoTrump speech, assassination attempt updates, and foreign threats | MF LIVE | Ep. 12
149K146 -
1:53:06
Tactical Advisor
15 hours agoBattleHawk Build Of The Month and Giveaway - Vault Room Live Stream
139K34 -
19:55
My Self Reliance
1 day agoNow What?!
136K32 -
10:03
After Skool
1 month agoWhy Good People Comply With Evil - Daniel Schmachtenberger
224K285 -
15:32
Winston Marshall
2 days agoHollywood’s DEAFENING Silence On Trump's Assassination Attempt
206K284 -
1:01:02
Lou Dobbs
1 day agoRemembering The Great Lou Dobbs
193K311 -
3:10:02
Roseanne Barr
1 day ago $62.22 earnedA Domestic Goddess and Domestic Terrorist walk into a bar | The Roseanne Barr Podcast #57
242K323