What is Liquity (LQTY)?
Liquidity is a decentralized borrowing protocol that allows users to use their ETH to take out an interest-free loan, while maintaining full exposure to ETH. Loans are paid out in LUSD, a stablecoin solely backed by ETH. With Liquidity, users can borrow up to 90% of their ETH value with no payback time attached and just a one-time fee as low as 0.5%. They can use the borrowed funds to buy real-world assets or pay for their daily expenses while keeping their ETH stack intact. The platform is fully decentralized and immutable, providing the highest safety ratings in the space.
The protocol was launched in 2021 by Michael Svoboda, Robert Lauko, and Rick Pardoe. It receives support from various big firms like Tomahawk VC, Pantera, Synthetic, Coinbase, Gemini, Huobi, etc. The platform currently enjoys more than $600 million in TVL.
How Liquity (LQTY) Works
Liquity has four main use cases: borrowing LUSD against ETH, providing LUSD to the Stability Pool in exchange for rewards, staking LQTY to earn a portion of fee from borrowing or redeeming LUSD, and redeeming 1 LUSD for 1 USD worth of ETH when the price of LUSD falls below $1.
The protocol has two tokens: LUSD, the USD-pegged stablecoin used to pay out loans, and LQTY, the token that captures the platform’s fees and gives them to early adopters and users.
Liquity charges a one-off fee whenever LUSD is borrowed and redeemed. This fee is adjusted dynamically based on the redemption volumes.
How Many Liquity (LQTY) Tokens Are in Circulation?
LQTY token has a total supply of 100,000,000, among which 90,938,871 tokens are being circulated.
How to Buy Liquity (LQTY)
Consider investing in Liquity (LQTY)? It only takes 2 minutes to create an account on Bitget and start trading LQTY.
Check out the available LQTY trading pairs on Bitget!
Spot market
Liquity (LQTY) Resources
Simple 3-step guide to buying LQTY today in India
Create your free Bitget account
Select a funding method
Complete your Liquity purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Liquity using a payment method of your choice:
Buy Liquity with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Liquity order.
How to buy crypto with credit/debit cardBuy Liquity with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Liquity is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Liquity order.How to buy crypto via third-party gatewayBuy with bank transfer
Buy Liquity via bank transfer: We accept UPI for INR payments. Services are provided by NeoFi payment gateway. Click Buy Crypto > [Third Party] in the top navigation bar to place your Liquity order.Buy Liquity with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Liquity order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Liquity in your Bitget spot wallet
Bitget—where the world trades Liquity
How to buy Liquity for free
- Learn how to earn Liquity for free through the Learn2Earn promotion
- Earn free Liquity by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Liquity airdrops by joining On-going challenges and promotions
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FAQ
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India, also known as the Republic of India, is a country in South Asia. With a population of 1,375,586,000, India currently is the 7th largest country in the world, and home to 18 percent of the world’s population. The currency of India is the Indian rupee (INR).
Surrounded by sea on three sides, India is a large and sprawling country with many rich local dialects and customs, from the green fields of South India to the deserts of the Northern regions. India has 22 official languages, but the most well-known languages are Hindu and English. India is famous for its ancient history, majestic landscapes, and diverse culture.
India has transformed to become a rapidly rising major economy, a hub for information technology services, with a burgeoning middle class and young population. Indian spiritual beliefs, music, movie, and cuisine are becoming more prevalent in world culture. India's rich legacy is attested to by the abundance of historic landmarks in the country. In terms of the number of World Heritage Sites, India ranks in the top 10 nations in the world. Among the most revered structures are the magnificent Taj Mahal, Qutub Minar, the Sun Temple at Konark, and the Hawa Mahal in Jaipur.
Whether you are in metropolitan areas like Mumbai, Delhi, Bangalore, or elsewhere in India, Bitget is here to serve you with your cryptocurrency needs.
It only takes a few minutes to buy Liquity LQTY in India on Bitget using Indian Rupees (INR). We offer many options with low fees and high security such as Crypto Deposit, P2P Trading, and Third-Party Payment.