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	0.2033USDT	-0.34%	246,707.10LQTY	2,479	0.2039USDT	0.2054USDT
2	LQTY-USDT LQTY_USDT	whitebit	BB	0.2032USDT	-0.54%	183,714.32LQTY	3,596	0.2043USDT	0.2057USDT
3	LQTY-USD LQTY-USD	coinbase	AA	0.2034USD	-0.10%	157,579.73LQTY	339	0.2036USD	0.2048USD
4	LQTY-USDT LQTY-USDT	okex	A	0.2037USDT	-0.29%	80,911.44LQTY	199	0.2043USDT	0.2053USDT
5	LQTY-USDT LQTY-USDT	kucoin	BB	0.2038USDT	0.00%	5,884.33LQTY	51	0.2038USDT	0.2050USDT
6	LQTY-USD LQTYUSD	kraken	AA	0.2039USD	-0.05%	2,678.03LQTY	12	0.2039USD	0.2039USD
7	LQTY-EUR LQTYEUR	kraken	AA	0.1769EUR	0.80%	1,949.11LQTY	10	0.1755EUR	0.1769EUR
8	LQTY-USD LQTY_USD	cryptodotcom	AA	0.2039USD	-0.15%	1,421.10LQTY	35	0.2043USD	0.2048USD
9	LQTY-USDT LQTY_USDT	gateio	A	0.2019USDT	-0.84%	674.00LQTY	19	0.2036USDT	0.2036USDT
10	LQTY-USDC LQTY-USDC	okex	A	0.2023USDC	-0.30%	482.67LQTY	2	0.2029USDC	0.2029USDC
11	LQTY-USD LQTY-USD	okex	A	0.2020USD	-3.90%	445.20LQTY	1	0.2102USD	0.2102USD
12	LQTY-EUR LQTY-EUR	okex	A	0.1823EUR	0.00%	0LQTY	0	0.1823EUR	0.1823EUR
13	LQTY-USDT lqtyusdt	huobipro	C	0.2027USDT	-0.34%	757,383.99LQTY	2,669	0.2034USDT	0.2050USDT
14	LQTY-USDT LQTYUSDT	bitrue	D	0.2034USDT	-0.34%	742,639.10LQTY	36,134	0.2041USDT	0.2054USDT
15	LQTY-USDT lqty_usdt	lbank	C	0.2033USDT	-0.29%	400,418.30LQTY	2,154	0.2039USDT	0.2051USDT
16	LQTY-USDT LQTY_USDT	bitunix	C	0.2034USDT	-0.34%	340,202.90LQTY	5,833	0.2041USDT	0.2052USDT
17	LQTY-USDT LQTYUSDT	toobit	C	0.2033USDT	-0.34%	320,819.20LQTY	5,239	0.2039USDT	0.2051USDT
18	LQTY-USDT LQTYUSDT	mexc	C	0.2034USDT	-0.29%	241,669.29LQTY	2,771	0.2039USDT	0.2052USDT
19	LQTY-USDT LQTY-USDT	bingx	D	0.2034USDT	-0.29%	137,903.59LQTY	4,228	0.2039USDT	0.2054USDT
20	LQTY-USDT LQTYUSDT	latoken	D	0.2038USDT	-0.10%	56,586.08LQTY	911	0.2040USDT	0.2053USDT
21	LQTY-EUR LQTY-EUR	bitvavo	B	0.1770EUR	0.31%	21,204.61LQTY	71	0.1764EUR	0.1784EUR
22	LQTY-USDT LQTYUSDT	coinex	C	0.2033USDT	-0.05%	1,162.31LQTY	1,464	0.2034USDT	0.2040USDT
23	LQTY-THB THB_LQTY	bitkub	C	6.75THB	-0.59%	367.92LQTY	4	6.79THB	6.79THB
24	LQTY-BRL LQTY-BRL	mercadobtc	C	1.07BRL	-15.73%	81.47LQTY	5	1.27BRL	1.27BRL
25	LQTY-USDT LQTY_USDT	cryptology	D	0.1840USDT	0.00%	0LQTY	0	0.1840USDT	0.1840USDT
26	LQTY-IDR lqtyidr	indodax	E	3,589.00IDR	-0.31%	28.67LQTY	1	3,600.00IDR	3,600.00IDR
27	LQTY-KRW LQTY_KRW	coinone	C	291.90KRW	0.00%	0LQTY	0	291.90KRW	291.90KRW
28	LQTY-USDT LQTY_USDT	poloniex	C	0.1698USDT	0.00%	0LQTY	0	0.1698USDT	0.1698USDT
29	LQTY-USDT LQTYUSDT	hitbtc	E	0.2530USDT	0.00%	0LQTY	0	0.2530USDT	0.2530USDT
30	LQTY-INR LQTY_INR	unocoin	-	150.00INR	0.00%	0LQTY	0	150.00INR	150.00INR