LUSD Liquity USD
Source: LUSDUSD Chart by TradingView
LUSD is the USD-pegged stablecoin used to pay out loans on the Liquity protocol. At any time it can be redeemed against the underlying collateral at face value. To borrow you must open a Trove and deposit a certain amount of collateral (ETH) to it and can then draw LUSD up to a collateral ratio of 110%.
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