Liquity USD

Halal Rating :
Last Price $1.00 Last updated:
Rank 394
1D Change 0.13 %
Market Cap $113.72m
Circulating supply 113,277,321
Maximum supply 154,154,355

Crypto Overview

  • DeFi
  • Stablecoin
  • Asset-Backed Stablecoin
  • USD Stablecoin
  • Optimism Ecosystem

LUSD is a fully redeemable USD-pegged stablecoin issued by the Liquity Protocol. Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral. Loans are paid out in LUSD and need to maintain a minimum collateral ratio of only 110%. In addition to the collateral, the loans are secured by a Stability Pool containing LUSD and by fellow borrowers collectively acting as guarantors of last resort. Liquity as a protocol is non-custodial, immutable, and governance-free.

Crypto Impact

To assign a comfort level investing in Liquity USD from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Liquity USD.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating