Liquity (LQTY) currently has a price of $1.5 and is up 2.78% over the last 24 hours. The cryptocurrency is ranked 261 with a market cap of $141.5M. Over the last 24 hours, it saw $30.2M of trading volume. The token has a circulating supply of 94.5M tokens out of a total supply of 100M tokens.
Liquity is a decentralized borrowing and lending platform built on the Ethereum blockchain. It aims to solve scalability issues and provide a stable solution. The platform's Stability Pool ensures protocol stability by automatically repaying debt when collateralization rate drops below the threshold. Liquity also offers a unique Stability Incentive, rewarding users with LQTY tokens for maintaining system stability, thus furthering decentralization.
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