Liquity protocol’s native token – LQTY – shot up by 108.36% after a listing announcement by crypto giant, Binance.
The decentralized borrowing protocol essentially enables users to draw 0% interest loans against Ether used as collateral. LUSD, which is a USD-pegged stablecoin, is used to pay out loans and needs to maintain a minimum collateral ratio of only 110%.
Binance announced listing LQTY in the Innovation Zone with two trading pairs – LQTY/BTC, and LQTY/USDT. The trading will commence on February 28th. Withdrawals, on the other hand, will open on March 1st.
Additionally, LQTY is also being added as a borrowable asset in the isolated margin account.
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