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Description
Liquity is a decentralized lending platform that enables users to obtain loans at a 0% interest rate by using Ether as collateral. These loans are issued in LUSD, a stablecoin pegged to the US dollar, and borrowers must maintain a minimum collateral ratio of just 110%. The loans are further secured by a Stability Pool that consists of LUSD and by other borrowers who act as guarantors in case of default. For those interested, more information about these safety mechanisms can be found under the Liquidations section. As a protocol, Liquity operates without custody, is immutable, and does not have any governance structures in place. The core philosophy of Liquity emphasizes that its product layer is as decentralized as the smart contracts it employs. Frontend operations are managed by independent third-party operators who are motivated by LQTY rewards. Liquity was launched as a fully operational system designed to function independently, without the need for human oversight. Importantly, the contracts cannot be altered or upgraded, ensuring that no individual possesses special privileges within the system, thereby maintaining its integrity and trustlessness. This commitment to decentralization reinforces the foundational principles of blockchain technology.
Description
Nexus Mutual harnesses the capabilities of Ethereum to enable individuals to collectively share risk, eliminating the need for traditional insurance companies. It provides coverage against potential vulnerabilities in smart contract code and events such as the DAO hack or issues with Parity multi-signature wallets. Governed entirely by its members, Nexus Mutual allows them to determine the validity of claims, with all decisions transparently recorded and enforced through smart contracts on the Ethereum public blockchain. It is important to note that Smart Contract Cover does not constitute an insurance contract; instead, it relies on fellow members to adjudicate claims. Payment for claims is driven by economic incentives linked to the token rather than trust in an insurance provider. The tokenization process allows for a scalable method of raising risk capital, with a model that promotes funding inflow only when necessary. Furthermore, the token's value is connected to both the mutual's adoption and its actual performance, distancing it from mere speculation and fostering a more stable ecosystem for participants. This innovative approach not only empowers members but also aligns their interests for mutual benefit.
API Access
Has API
API Access
Has API
Integrations
Ethereum
Token Terminal
Authereum
Base App
DeFi Explore
DeFi Saver
Exponential DeFi
Index Coop
Lattice1
Ledger
Integrations
Ethereum
Token Terminal
Authereum
Base App
DeFi Explore
DeFi Saver
Exponential DeFi
Index Coop
Lattice1
Ledger
Pricing Details
0.5% Fee
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Liquity
Founded
2020
Website
www.liquity.org
Vendor Details
Company Name
Nexus Mutual
Founded
2017
Country
United Kingdom
Website
nexusmutual.io