GLoans
Interest-Free Loans
Last updated
Interest-Free Loans
Last updated
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.
Borrow 0% interest loans with ETH as collateral. Stake LQTY or LUSD to earn network fees and rewards.
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.
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.
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.
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.