Interest-Free Loans

GLoans: Gemach Loans enable you to put up ETH as collateral and get LUSD instantly. Available 24/7 and always self-custodial. You always own your keys.

Interest-free liquidity at your fingertips

Borrow 0% interest loans with ETH as collateral. Stake LQTY or LUSD to earn network fees and rewards.

  • 100% private & anonymous - There are no log files and no traces when you access Gemach. The privacy of our users is priority #1.

  • 100% reliable - Our load-balanced cluster of bare metal servers ensures the app is always accessible with failover systems in place to ensure 100% uptime.

  • 80% kickback - You keep 80% of all network fees and rewards earned. The nominal 20% fee helps us keep Gemach operational and build new features.

Interest-free borrowing

Borrow the stablecoin LUSD interest-free against your Ether as collateral. There is zero interest as the protocol can generate the LUSD tokens itself, thus it does not need to pass any capital costs onto the borrowers.


There is no administrator with special privileges that could interfere with, alter, or halt the operation of the liquity protocol in any way. Plus the Gemach front-end is built for complete privacy and anonymity.

110% collateral ratio

The Liquity protocol allows a minimum collateral ratio of 110%! Which equates to a loan-to-value ratio of 90.09%. This makes borrowing highly capital efficient and allows for up to 11x leverage on your investments.

Redeemable stablecoin

LUSD is a fully redeemable stablecoin. At any point in time, you can redeem your LUSD for the underlying Ether collateral at face value. Every redemption leads to a contraction of the total LUSD supply and an adjustment of the base rate.


Unlike other platforms, Liquity protocol does not rely on human governance to vote on monetary interventions. All protocol parameters are either preset and immutable or algorithmically controlled by the protocol itself — making human interventions redundant.

Incentives for stakers and stability providers

The system captures the revenue from the borrowing and redemption fees and pays it out on a pro-rata basis to the stakers of the LQTY token. Holders can also deposit LUSD tokens to the Stability Pool to earn network fees in ETH and LQTY rewards.

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