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What is Liquity USD (LUSD)?

Liquity USD basic info

Name:Liquity USD
Ticker:
Introduction:

What Is Liquity USD (LUSD)?

The Liquity protocol utilizes a stablecoin called Liquity USD (LUSD), which is pegged to the USD and is used to repay loans. The stablecoin can be exchanged for the underlying collateral at face value anytime. To avail loans, users need to establish a Trove and deposit a certain amount of Ethereum (ETH) as collateral. LUSD can be borrowed up to a collateral ratio of 110%. The Liquity protocol offers interest-free loans, which are secured by Ether collateral and backed by a Stability Pool with LUSD. As of now, the total value locked on the protocol is over $642 million.

Who Are the Founders of Liquity USD (LUSD)?

Robert Lauko has an impressive background in traditional finance, as well as experience researching algorithms, network monitoring, and scalability issues. He is the founder and Head of Research at Liquity. Rick Pardoe, the co-founder and Lead Engineer, holds degrees in Physics and Economics. Michael Svoboda, the current CEO, brings with him a wealth of experience having held the same role at several blockchain companies. He holds a degree in computer science and economics.

How Does Liquity USD (LUSD) Work?

Liquity is a decentralized protocol that aims to provide a capital-efficient way to borrow stablecoins. It is 'non-custodial, immutable, and governance-free’ in nature, as explained in its official documentation. With this protocol, users can obtain interest-free loans that require less collateral compared to other borrowing systems. Instead of selling Ether for cash, users can lock up their Ether and borrow against it to withdraw LUSD. The loan can be repaid at a later date. It is also possible to use LUSD as collateral when borrowing Ether and then sell it on the open market to purchase more Ether, creating a cycle that can be repeated multiple times. Users can earn LQTY by depositing LUSD in the stability pool, providing liquidity to the LUSD:ETH Uniswap pool, and facilitating the Stability pool through their frontend. It's worth noting that Liquity Protocol does not have a frontend, and external frontend operators provide access to end-users.

What Makes Liquity USD (LUSD) Unique?

With Liquity protocol, users can borrow stablecoins interest-free. To ensure stability, there are one-time borrowing and withdrawal fees that adjust automatically based on the frequency of withdrawals. If there are more withdrawals, the borrowing fee will increase to discourage people from taking out loans.

Unlike other systems like MakerDAO, Liquity does not implement variable interest rates to control borrowing dynamics. Instead, it uses a decentralized and direct feedback mechanism through one-off fees. This approach allows borrowers to understand the changes in cost upfront and avoids complicated governance procedures.

How Is the Liquity USD (LUSD) Network Secured?

LUSD is an Ethereum-based ERC-20 token that utilizes the Proof-of-Stake (PoS) consensus mechanism for security. Validators must stake a certain amount to take part in consensus and validate transactions.

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Current price:
All-time high:$3.12
All-time low:$0.00

LUSD supply and tokenomics

Circulating supply:69,745,270 LUSD
Total supply:69,745,272.78 LUSD
Max supply:0 LUSD
Market cap:$69.57M
Fully diluted market cap:$69.57M

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What is the development prospect and future value of LUSD?

The market value of LUSD currently stands at $69.57M, and its market ranking is #442. The value of LUSD is not widely recognized by the market. When the bull market comes, the market value of LUSD may have great growth potential.

As a new type of currency with innovative technology and unique use cases, LUSD has broad market potential and significant room for development. The distinctiveness and appeal of LUSD may attract the interest of specific groups, thereby driving up its market value.

What will the price of LUSD be in 2025?
Based on LUSD's historical price performance prediction model, the price of LUSD is projected to reach $1.44 in 2025.
What will the price of LUSD be in 2030?
In 2030, the LUSD price is expected to change by -7.00%. By the end of 2030, the LUSD price is projected to reach $1.62, with a cumulative ROI of +62.63%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of LUSD and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is LUSD worth investing or holding? How to buy LUSD from a crypto exchange?

If you want to buy LUSD, the following information may be helpful for your investment decisions:
In the last 7 days, the price of LUSD has fallen by -0.34%, leading to negative returns for most LUSD investors. The market is currently pessimistic about the price trend of LUSD.
It is important to note that the current price of LUSD has retreated by -68.05% from its all-time high. This coin is currently considered medium-risk, and its price may rebound or continue to fall.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether LUSD is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in LUSD or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of LUSD, if you want to buy or sell LUSD, you can consider Bitget for your trading needs. The best place to buy LUSD is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Liquity USD has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Liquity USD. Here's a step-by-step guide on how to buy Liquity USD on Bitget.

How to get Liquity USD through other methods?

Using cash to buy Liquity USD is not the only way to obtain Liquity USD. If you have the time to spare, you can get Liquity USD for free.
Learn how to earn Liquity USD for free through the Learn2Earn promotion.
Earn free Liquity USD by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Liquity USD airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Liquity USD through Bitget Convert, Bitget Swap, or spot trading.

What is Liquity USD used for and how to use Liquity USD?

The use case of Liquity USD may expand as the crypto market and the project itself develop. Currently, you can use LUSD to achieve the following goals:
Arbitrage by trading LUSD: Since LUSD is a frequently traded cryptocurrency, the price of LUSD is always fluctuating. Earn more LUSD by buying low and selling high on the exchange. Bitget spot market provides a variety of LUSD trading pairs to fully meet your needs.
Earn by staking LUSD: You can also generate income through financial management methods such as staking LUSD or lending LUSD. Bitget Earn offers a variety of financial products designed to help you earn more income from your LUSD.
Send or pay LUSD: If you want to give LUSD to your friends, a charity, or a fundraiser, or you want to pay someone with LUSD, you can quickly and easily send LUSD to the recipient through their payment address.
You can also go to the official website of the Liquity USD project to learn more about the use cases of LUSD. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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