Liquity
Current price
$0.1957
−9.15%24h
LiveUpdated 22s ago
TodayLiquity drops 9.1%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−1.21%
- 24 hours−9.15%
- 7 days−17.11%
- 30 days−8.18%
- 1 year−63.89%
Liquity's move in context
Lagging the market today
−9.15% today against −3.27% for the market as a whole, a gap of 5.9 points. A gap this wide suggests something specific to Liquity may be moving it, not just the market mood.
Part of a slide
−17.1% over 7 days and −8.2% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Liquity
Overview
Liquity is a unique decentralized borrowing protocol that allows users to access low-interest loans directly against their Ether (ETH) collateral without the need for a centralized intermediary. Its core mission is to provide safe, efficient, and decentralized liquidity in a sustainable manner. Liquity differentiates itself from traditional liquidity protocols through its unique collateralized debt position (CDP) mechanism, which ensures that loans are backed by locked ETH and provides users with an instant and fair lending experience. Additionally, Liquity introduces the LQTY token, which is designed to incentivize protocol activity and governance while also enabling users to participate in the network's growth.
Technical Features
At the heart of Liquity's architecture is its innovative liquidation and borrowing system. Liquity implements a unique pricing oracle system derived from the Ethereum blockchain’s data, facilitating reliable and real-time asset valuations. The protocol operates on a custom-built algorithm known as the "liquidation spread," which mandates that the liquidation of collateral occurs only when certain conditions are met, thereby safeguarding both lenders and borrowers. Liquity uses a system of incentives for liquidity providers and borrowers, rewarding them with LQTY tokens for their participation. The protocol is built on Ethereum and leverages smart contracts, ensuring a high level of security, transparency, and reliability in all transactions.
Use Cases
The primary use case for Liquity lies within the realm of decentralized finance (DeFi), where it facilitates the borrowing of stablecoins, specifically the LUSD token, backed by ETH collateral. Users can leverage their ETH holdings without selling them, thus allowing them to maintain exposure to the asset's price movement while accessing liquidity when needed. Furthermore, Liquity's decentralized governance model means users can vote on future changes and upgrades to the protocol. The flexibility of LUSD also makes it suitable for various DeFi applications, including trading, yield farming, or as a stable medium of exchange within the Ethereum network.
Development Background
Liquity was launched in 2021 by a team of skilled developers and contributors with extensive experience in blockchain technologies and decentralized finance. The project began with the goal of addressing inefficiencies in existing lending platforms and borrowing mechanisms prevalent in the crypto space. Since its launch, Liquity has gained traction rapidly, achieving significant milestones, including the successful deployment of its protocol on the Ethereum mainnet and a growing community of users and developers. The project's evolution has included systematic updates and enhancements aimed at improving usability and expanding its ecosystem.
Community and Ecosystem
The Liquity ecosystem is supported by a robust community of developers, users, and enthusiasts actively contributing to the protocol's growth and governance. The protocol enjoys partnerships with various projects within the DeFi space, enhancing its functionality and reach. Additionally, a number of decentralized applications (dApps) have integrated Liquity to enable users to leverage its features, creating a multi-dimensional ecosystem that enriches the overall experience for participants. The community plays a crucial role in the governance of Liquity, participating in key decisions that shape the protocol's direction.
Future Potential
Liquity holds significant future potential due to its innovative approach and robust infrastructure. Its unique model aims to bridge the gap between users seeking liquidity and the vast amount of untapped ETH in the market. With the continuous rise of DeFi, Liquity is well-positioned to capture a substantial user base seeking efficient and decentralized financial solutions. Future developments include enhancing the protocol's scalability, expanding the range of supported assets, and integrating further with other DeFi protocols to create a more interconnected crypto economy. As it evolves, Liquity could set new benchmarks in decentralized lending, possibly influencing the direction of future projects in the DeFi landscape.
Liquity market
- Position by market cap among the coins we track.
- #328
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $19.02M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.1954High $0.2173
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $146.94
- Now 0% of itReached 5 Apr 2021 · Needs +74,984% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 97.17M LQTY
- 97% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 100M LQTY
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 100M LQTY
- The most coins that can ever exist. Some coins have no limit.
Liquity converter
1 Liquity = $0.1957
