Liquity USD Price(LUSD)

Liquity USD is an interest-free stablecoin pegged to the US dollar, designed to facilitate loans within the Liquity protocol. The core mechanism allows users to borrow LUSD by depositing Ether (ETH) as collateral into a designated space known as a “Trove.” Key to this system is a collateralization requirement, set at 110%, ensuring that the value of ETH held in a Trove exceeds the amount borrowed. This framework is crafted to be both non-custodial and immutable, ensuring that users retain full control over their assets while engaging in borrowing activities without the worries of traditional financial intermediaries.