Liquity Price

Liquity (LQTY) is a cryptocurrency launched in 2025. The token underpins the Liquity Protocol, a non-custodial, immutable, and governance-free borrowing system.

The protocol enables users to draw zero-interest loans against Ether collateral, denominated in the LUSD stablecoin. A minimum collateral ratio of just 110% makes it one of the most capital-efficient overcollateralized debt positions in DeFi. Unlike traditional lending markets, there are no variable interest rates or ongoing fees—the system charges a one-time borrowing fee instead.

Liquity operates on the Ethereum network, leveraging its battle-tested security and composability. The protocol’s smart contracts and the LQTY token adhere to the ERC-20 standard, ensuring broad wallet and exchange compatibility. A secondary deployment on Arbitrum One extends the token’s reach to layer‑2 scaling environments.

LQTY exists as an ERC-20 token with verified contracts on both Ethereum mainnet and Arbitrum One. This dual‑chain presence means token holders can transact with lower fees on the layer‑2 rollup while retaining full Ethereum settlement guarantees. The protocol itself is fully immutable—no admin keys, no upgradeability proxies.

Liquity’s genesis occurred on May 19, 2025, with a launch that delivered a fully autonomous borrowing platform from day one. No founder identities are publicly tied to the project’s development, aligning with its governance-free ethos. The accompanying documentation emphasizes algorithmic solvency and hardcoded monetary policy over discretionary human intervention. Early adoption patterns swiftly placed the token on numerous centralized and decentralized exchanges.

The overarching mission is censorship‑resistant borrowing without the entrenchment of administrative powers. By removing governance and making the protocol immutable, Liquity eliminates the risk of human‑led parameter changes, treasury raids, or fork manipulation. This design aspires to create a permanent, self‑sustaining credit facility free from external control.

LQTY’s mechanical role is straightforward: it entitles stakers to a pro‑rata share of the protocol’s fee revenue. Borrowing and redemption fees, collected in LUSD and Ether respectively, are streamed to the staking contract. There is no voting power, no DAO treasury to influence—the token exclusively represents an economic claim on the system’s cash flows.

To participate, a holder deposits LQTY into the staking pool and begins accruing fee distributions in real time. This staking mechanism incentivizes long‑term alignment with the protocol’s solvency because stakers only benefit when loans are originated and redeemed in a healthy market. Unlike liquidity provision, stakers do not take on default risk; that burden rests with the Stability Pool depositors who absorb undercollateralized liquidations.

Liquity has a maximum supply of 100,000,000 tokens. Currently, 98,677,226.69 are in circulation. The supply is fixed at 100 million, with no further minting or inflationary emissions programmed. With a market capitalization of $30,150,067, Liquity ranks #677 among all cryptocurrencies.