Question 1

What is it?

Accepted Answer

**The Token (LQTY)**
LQTY is the governance token of the Liquity protocol. It is used to participate in the governance decisions of the protocol, allowing holders to vote on proposals and changes to the system parameters. Additionally, LQTY also entitles the holders to a share of the fees generated by the protocol. It is important to note that while LQTY has a governance and fee-sharing function, it is not needed to use the Liquity system. Users can borrow, lend, and interact with the protocol without holding LQTY.

**The Platform (Liquity)**
Liquity is a decentralized borrowing protocol that allows users to draw interest-free loans against Ethereum as collateral. The main components of the Liquity protocol include a stablecoin called LUSD, which is pegged to the US dollar, and a collateral token, ETH (Ethereum). Users can deposit ETH as collateral to mint LUSD. The protocol automatically adjusts the collateral ratio to ensure the system remains fully collateralized. Additionally, Liquity employs a unique redemption mechanism that allows any holder of LUSD to exchange it for ETH at face value, thus maintaining the peg of LUSD to the US dollar.

Question 2

What is it used for?

Accepted Answer

The LQTY token is primarily used for governance and earning fees. Holders of LQTY can participate in the decision-making process of the Liquity protocol by voting on various proposals. Additionally, LQTY holders are entitled to a share of the fees generated by the protocol. These fees are collected from users who interact with the system, for example, by borrowing LUSD or redeeming LUSD for ETH.

The Liquity platform, on the other hand, is used for borrowing and lending. Users can deposit ETH as collateral to mint LUSD, which can then be used for various purposes such as trading, investing, or paying off debts. Additionally, users can also earn interest by depositing LUSD into the Liquity Stability Pool.

Question 3

Who created it?

Accepted Answer

Liquity was founded by Robert Lauko, who is also the CEO of the project. The development team comprises several experienced professionals in the fields of software development, blockchain technology, and finance.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	LQTY-USDT LQTYUSDT	binance	AA	0.1945USDT	0.78%	1,188,908.80LQTY	7,537	0.1930USDT	0.2004USDT
2	LQTY-USDT LQTY_USDT	whitebit	BB	0.1942USDT	0.73%	439,873.21LQTY	2,115	0.1928USDT	0.2007USDT
3	LQTY-USDT LQTY-USDT	okex	A	0.1948USDT	0.67%	206,492.36LQTY	540	0.1935USDT	0.2010USDT
4	LQTY-USD LQTY-USD	coinbase	AA	0.1958USD	1.50%	150,385.69LQTY	433	0.1928USD	0.2015USD
5	LQTY-USDT LQTY_USDT	gateio	A	0.1961USDT	1.65%	50,540.00LQTY	475	0.1929USDT	0.2010USDT
6	LQTY-USDT LQTY-USDT	kucoin	BB	0.1951USDT	1.09%	39,069.82LQTY	158	0.1930USDT	0.2000USDT
7	LQTY-USD LQTYUSD	kraken	AA	0.1941USD	0.78%	18,035.10LQTY	82	0.1926USD	0.2009USD
8	LQTY-USD LQTY_USD	cryptodotcom	AA	0.1954USD	0.62%	6,807.80LQTY	36	0.1942USD	0.2000USD
9	LQTY-EUR LQTYEUR	kraken	AA	0.1780EUR	0.28%	4,745.49LQTY	13	0.1775EUR	0.1791EUR
10	LQTY-EUR LQTY-EUR	okex	A	0.1754EUR	-0.11%	2,934.75LQTY	12	0.1756EUR	0.1797EUR
11	LQTY-USDC LQTY-USDC	okex	A	0.1955USDC	0.41%	636.19LQTY	3	0.1947USDC	0.1990USDC
12	LQTY-USDT LQTYUSDT	bitrue	D	0.1943USDT	0.78%	897,706.30LQTY	36,119	0.1928USDT	0.2005USDT
13	LQTY-USDT LQTYUSDT	toobit	C	0.1945USDT	0.83%	452,453.70LQTY	6,644	0.1928USDT	0.2004USDT
14	LQTY-USDT lqtyusdt	huobipro	C	0.1940USDT	1.36%	443,730.05LQTY	1,545	0.1913USDT	0.2008USDT
15	LQTY-USDT lqty_usdt	lbank	C	0.1945USDT	0.83%	432,166.10LQTY	2,223	0.1928USDT	0.2003USDT
16	LQTY-USDT LQTY_USDT	bitunix	C	0.1943USDT	0.73%	341,759.70LQTY	6,380	0.1928USDT	0.2003USDT
17	LQTY-USDT LQTYUSDT	mexc	C	0.1944USDT	0.78%	322,035.95LQTY	3,271	0.1928USDT	0.2003USDT
18	LQTY-USDT LQTY-USDT	bingx	D	0.1943USDT	0.78%	156,649.00LQTY	4,572	0.1928USDT	0.2005USDT
19	LQTY-EUR LQTY-EUR	bitvavo	B	0.1753EUR	1.40%	94,600.53LQTY	165	0.1729EUR	0.1792EUR
20	LQTY-IDR lqtyidr	indodax	E	3,495.00IDR	2.07%	22,438.68LQTY	72	3,424.00IDR	3,758.00IDR
21	LQTY-USDT LQTYUSDT	latoken	D	0.2079USDT	0.00%	0LQTY	0	0.2079USDT	0.2079USDT
22	LQTY-THB THB_LQTY	bitkub	C	6.39THB	1.37%	56.12LQTY	2	6.30THB	6.39THB
23	LQTY-USDT LQTY_USDT	cryptology	D	0.1840USDT	0.00%	0LQTY	0	0.1840USDT	0.1840USDT
24	LQTY-USDT LQTY_USDT	poloniex	C	0.1792USDT	0.00%	0LQTY	0	0.1792USDT	0.1792USDT
25	LQTY-BRL LQTY-BRL	mercadobtc	C	0.9220BRL	-0.01%	23.38LQTY	4	0.9220BRL	0.9220BRL
26	LQTY-KRW LQTY_KRW	coinone	C	285.60KRW	0.00%	0LQTY	0	285.60KRW	285.60KRW
27	LQTY-USDT LQTYUSDT	hitbtc	E	0.2357USDT	0.00%	0LQTY	0	0.2357USDT	0.2357USDT
28	LQTY-INR LQTY_INR	unocoin	-	150.00INR	0.00%	0LQTY	0	150.00INR	150.00INR