What is Liquity?
Liquity is a decentralized borrowing protocol that enables users to draw loans against Ether tokens used as collateral. The platform pays out loans using LUSD tokens, a USD-pegged stablecoin that can be redeemed at any time against the underlying collateral at face value. Users need to maintain a minimum collateral ratio of 110%, and their Trove account keeps track of their ETH and LUSD debt.