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Table Of Contents
Liquity functions as a DeFi platform, built atop the Ethereum network. With an emphasis on borrowing features, Liquity offers users the ability to use ETH as collateral to take out loans. Liquity notes that due to its decentralized structuring, the platform is not only non-custodial, but immutable and governance-free.
Liquity boasts that it offers the ‘best borrowing condition on the market’ due to the following benefits.
- 0% interest rate
- 110% collateral ratio
- Censorship resistant
- Directly redeemable
- Governance free
Through the borrowing process, Liquity makes use of its own token known as ‘LQTY’. These utility tokens are utilized to pay for any fees, and can be attained through various exchanges.
For those looking to take advantage of Liquity’s offerings, the company lists two ways in which users can make money. Either earn LQTY by depositing LUSD (stablecoin) to a ‘stability pool’, or stake LQTY to earn revenue from loan issuance and redemption fees. LQTY tokens have a hardcap of 100M, and do NOT function as governance tokens.
As Liquity functions as a decentralized protocol, platform function are automated. Liquity notes that the protocol code has been audited by both Trail of Bits, and a Coinspect.
To learn more visit our Investing in Liquity guide.
We list the top 3 exchanges that offer the ability to buy Liquity (LQTY) cryptocurrency with a credit card, debit card, or Bitcoin (BTC).
A top exchange in the United States & UK, Uphold is an experienced and extremely innovative trading platform that should be able to meet your needs for trading across a number of cryptocurrencies including Liquity (LQTY). Beyond the ease of use and innovative features within the trading platform, what stands out about Uphold is the credibility it has gained in the industry.
Uphold offers both a desktop and mobile app trading experience that is extremely intuitive. The trading view is completely customizable with the assets that you trade the most, and is very easy to navigate while providing a modern feel on both desktop and mobile. It is a very popular and suitable choice, particularly for new traders.
Besides being visibly appealing, the Uphold trading platform allows you to place your trades with great ease. Just a couple of clicks and you can make trades directly from your deposit method without even having to wait for funds to clear to your account. This one-step ordering is another innovation from a company which prides itself on the usability of its platform. Uphold also provides the ability to execute limit orders.
Germany & Netherland residents are prohibited.
Uphold Disclaimer: Assets available on Uphold are subject to region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection.
Established in 2013, Huobi Global has since become one of the world’s largest digital asset exchanges, with an accumulated trading volume of US $1 trillion. Having once accounted for half of the world’s digital asset transactions, Huobi now serves more than 5 million users in over 130 countries around the globe. It should be noted that Huobi Global currently does not accept USA or Canadian residents.
Huobi Global is one of the top exchanges that currently offers Liquity (LQTY) trading opportunities.
Uniswap is a decentralized exchange (DEX) for swapping tokens, which uses an automated market maker (AMM) model that allows users to trade against a liquidity pool. While this is obviously a good option to purchase Liquity (LQTY), we only recommend this platform for advanced users. Due to the fact that this is exchange is decentralized, you are liable for any losses due to errors made.
Learning to use decentralized exchanges is not for the faint of heart. We recommend Uphold instead.
Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.
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