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

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