After the launch of the improved contract, users can withdraw their LUSD, the protocol’s USD-pegged stablecoin, from the old contract and re-deposit it into the new one for faster rebalancing. Liquity is skyrocketing as a result – it added 36% to its value today.
This article provides information about what it is, if it is a worthwhile investment, and the best places to buy it if you decide.
Top places to buy Liquity now
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What is Liquity?
It is a decentralized borrowing protocol built on Ethereum. Ether holders can draw loans in the form of its native token LQTY with algorithmically adjusted redemption and loan issuance fees.
Liquity charges a one-time borrowing fee determined upfront as a percentage of the drawn amount. It can be as low as 0.5%.
Users can borrow the stablecoin LUSD interest-free against their ETH used as collateral. They can thus obtain an ETH-backed loan without any recurring costs.
This crypto has an advantage over other decentralized borrowing protocols in that it doesn’t charge variable interest during the loan term. These rates can change arbitrarily and unpredictably.
Should I buy it today?
Liquity can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment. Take all investment advice with a grain of salt.
LQTY price prediction
According to Tech News Leader, Liquity’s price will almost double in a year: from currently $3.19 to $6.09. In 5 years, they predict Liquity will be worth $18.49, and it will trade for $116.32 a decade from now.
Liquity on social media
The improved @LiquityProtocol B.AMM contract is LIVE!
Users can withdraw their LUSD from the old contract and re-deposit it into the new one for faster rebalancing.
Read our analysis of the last $6m liquidations and the way we improved the Backstop AMM🧐👇https://t.co/rASn4eJTbX
— B.Protocol (⊟→⊞) (@bprotocoleth) February 3, 2022