What Is Liquity (LQTY)?
Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral. Loans are paid out in LUSD – a USD pegged stable coin, and need to maintain a minimum collateral ratio of only 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 under Liquidations. Liquity as a protocol is non-custodial, immutable and governance-free.
In collaboration with your hosting provider, this make every effort to protect the databases against unauthorized access, data loss, data misuse or forgery. They would like to point out that data transmission on the internet can have security gaps. A complete protection of data against access by third parties is impossible.
Liquity Storage Key Points
|Circulating Supply||18,372,182.33 LQTY|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
How can I use Liquity?
Liquity Data such as pages visited or the name of an accessed file, date and time are stored on the server for statistical purposes without being directly related to your person. Personal data, in particular your name, address or e-mail address are collected on a voluntary basis as far as possible. The data will not be passed on to third parties without your consent.
Why should I become a Frontend Operator?
Front end Operators provide a web interface to the end-user enabling them to interact with the Liquity protocol. For that service, they will be rewarded with a share of the LQTY tokens their users generate. LQTY rewards are being awarded to Stability Pool depositors and then proportionally shared between the users themselves and the Front end Operator.
How much each party gets is determined by the kickback rate which is set by the Front end Operator and can range between 0% and 100%. Setting a high Kickback Rate will make the Front end Operator attractive to users, but offering a nice interface and additional functionalities might allow for a lower kickback rate while still garnering user interest.
What is the purpose of this website?
The entire website is of purely informational nature, intended to educate users about the usage and provide background information on the Liquity Front end Operators provide a web interface to the end-user enabling them to interact with the Liquity protocol. For that service, they will be rewarded with a share of the LQTY tokens their users generate. LQTY rewards are being awarded to Stability Pool depositors and then proportionally shared between the users themselves and the Front end Operator.
Personal data is all information that relates to an identified or identifiable person. A data subject is a person about whom personal data is processed. Processing includes any handling of personal data, irrespective of the means and procedures applied, in particular the retention, disclosure, acquisition, deletion, storage, modification, destruction and use of personal data. Processing of personal data for the fulfillment of a legal obligation to which Liquity are subject under any applicable law of the EU or any country in which the DSGVO is applicable in whole or in part.