Everything You Need to Know About Liquity Token

LQTY is a coin that collects the Liquity Protocol’s fee revenue through staking. Liquity is a decentralized borrowing protocol that allows you to take out loans with no interest against Ether as collateral. Loans are made in LUSD and must have a collateral ratio of no less than 110 percent. The loans are backed, in addition to the collateral, by a Stability Pool comprising LUSD and by other borrowers collectively acting as guarantors of last resort. Liquity is a non-custodial, immutable, and governance-free protocol.

Price of LQTY Data from the Present

Today’s equity price is $2.06 USD, down -22.25 percent in the last 24 hours. There has been a -1.20 percent hourly drop. Liquity’s market cap is currently $143,109,132.83 USD, good for a market cap rank of #313. The total volume was $6,297,997.06 USD. Liquity is ranked 313 in terms of market value, with a market capitalization of $143,109,132.83 and a volume of $6,297,997.06 in 24 hours. There are 100 million equities in circulation, with a total supply of 100 million equities and a maximum supply of 100 million equities.

 

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Is now a good time to invest in equities?

The Liquity technical analysis gauge displays real-time ratings for the timeframes you specify. This is not an offer to buy, sell, or trade. It is a technical analysis of Liquity based on the most widely used technical indicators:

Moving Averages, Oscillators, and Pivots

This chart is not intended to be advise or a guarantee of success. Rather, it evaluates the real-time suggestions of three common technical indicators based on Liquity’s performance: moving averages, oscillators, and pivots. Finder is not responsible for LQTY’s performance.

The equity price index is compared to major cryptocurrencies.
Compare Liquity’s price index over the previous 90 days to Bitcoin, Ethereum, Ripple, and Tether. This chart does not display prices directly, but rather how LQTY’s price changes compare to BTC, ETH, XRP, and USDT. Price index graphs can be used to evaluate different assets by benchmarking their prices on a certain date and showing the change since then. In this situation, we’re comparing these prices to those from 90 days ago. Tether, a stable coin tied to the US dollar, is shown by the reasonably straight line.

Most recent activities

LQTY is currently priced at $2.06.
LQTY is down 0.81 percent in the last hour.
LQTY’s price has dropped 25.62 percent in the last day.
LQTY’s price has fallen 3.53 percent in the last week.
The market capitalization of LQTY is $143 million.
The trading volume of LQTY is $7.1M.

Liquity (LQTY) is now ranked #314 in the cryptosystem with a price of $2.06, with a circulating supply of $69.33 Million (69,331,286.50 LQTY) and a total supply of $100 Million (100,000,000 LQTY). Its maximum supply is currently $100 Million (100,000,000 LQTY), its market capitalization is $142.54 Million ($142,536,072.09), and its fully diluted market capitalization is $205.59 Million ($205,586,942.48).

LQTY is currently down -22.68 percent in the last 24 hours. Its most recent 24-hour volume is $6.26 Million ($6,261,169.74), which is enormous and remarkable.

During the last seven days, the price of Liquity fell by -2.92 percent.

Liquity’s price has dropped by -15.99 percent in the last month.

As a result, all of the supplied values may vary from exchange to exchange. If you want to invest in cryptocurrencies and receive a high return on your investment, do your homework and learn what experts expect from each cryptocurrency.

Price Prediction for Liquity (LQTY) in 2022

According to the projected data analysis, the price of LQTY is predicted to cross the $2.61 level. Liquity is anticipated to reach a minimum price of $2.55 by the end of the year. Furthermore, the LQTY price has the potential to reach a high of $2.73. Investors and holders of cryptocurrency assets should be aware of the Liquity Price Prediction 2022.

Liquity USD (LUSD) Price to USD - Live Value Today | Coinranking

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Examine the price of LQTY month by month.

Price Prediction for Liquity (LQTY) in 2023
According to the projected data analysis, the price of LQTY is predicted to cross the $2.81 level. Liquity is expected to reach a minimum fee of $2.74 by the end of the year. Furthermore, the LQTY price has the potential to reach a high of $2.88. Investors and holders of cryptocurrency assets should be aware of the Liquity Price Prediction 2023.

Examine the price of LQTY month by month.

Social media equity.

On April 15, 2022, Liquity was mentioned in 434 out of 2,119,353 social media postings on Twitter and Reddit. Liquity is being discussed by 198 different people, and it is ranked #287 in terms of most mentions and activity from collected posts.

Blockchain-based lending services are a critical component of the growing decentralised economy. Lending, as a financial primitive, allows users to earn more interest on various assets, whilst borrowing frees up liquidity for users who want to preserve exposure to the underlying collateral asset. Borrowers and lenders are connected in a non-custodial and peer-to-peer way through smart contracts in decentralised lending, offering new tools and updated features for both sides.

Liquity, a significant player in the decentralised lending ecosystem, enables users to unlock liquidity against their ETH without sacrificing their exposure to ETH. Users only need to upload ETH as collateral and borrow a stablecoin (LUSD). The primary competitive advantages of Liquity over competing decentralised borrowing protocols stem from 0% interest-rate loans and a low collateralization requirement of 110 percent. Users must only pay a tiny, one-time cost of 0.5 percent during the loan acquisition period, and the loan has no terms or defined duration. While all tiny contracts have some degree of immutability, the governance mechanisms that underpin these blockchain protocols frequently allow for continual improvements.

To preserve these essential competitive advantages, the Liquity team realised they required a tamper-proof source of ETH/USD price data with which they could open, close, and settle loan positions swiftly and reliably, even under unpredictable market conditions. Given its governance-free paradigm and minimal collateralization ratio requirements, selecting the right pricing data source for Liquity’s smart contract from the beginning was critical. All components of Liquity’s decentralised borrowing model rely on secure price data that is always accurate and reflects fair-market prices.

Liquity need a secure and dependable price data source.

Liquity required reliable price data in order to open, settle, and liquidate loans automatically while maintaining its governance-free approach.

Many existing Oracle solutions had centralised points of failure, and establishing its own infrastructure would necessitate labour, resources, and skills that the team lacked.

Liquity needed a ready-made pricing oracle with 100 percent uptime and rapid price updates amid turbulent market conditions to maintain its competitive advantage.

Liquity needed access to a tamper-proof, real-time ETH/USD price oracle to ensure solvency and secure the protocol while keeping a competitive advantage. Price oracles are fundamental to all of Liquity’s key functionalities, from initiating liquidations and opening troves to closing loan positions via LUSD redemptions. Liquity would have been vulnerable to common price feed exploits such as flash loan attacks, price manipulation of a single data source or exchange, and borrower insolvency due to unreliable price updates during volatile market conditions if it did not have access to a fast, decentralised, and secure Oracle network to power core borrowing operations.

The Liquity team discovered that most existing price oracle solutions had single points of failure and hence could not reliably ensure Liquity’s modest collateralization requirements or governance-free model after examining a plethora of existing price oracle solutions. A suitable pricing oracle ought to be decentralized from start to finish and reliable in all market conditions. Because the Liquity protocol is totally immutable and governance-free, any external oracle solution required a consistent oracle address and interface with strong guarantees of 100 percent uptime. Because of the nature of their protocol design, any oracle outage or difficulties with pricing data distribution would be fully irreversible on Liquity’s end.

Though they could create their own Oracle solution, the Liquity team preferred a smooth plug-and-play solution from the start. A proprietary Oracle solution would take 100+ hours to build, consuming critical engineering resources both during creation and in ongoing maintenance. Rather, they required ready-made infrastructure to plug into so that they could concentrate on developing their protocol. They wanted one that would stand the test of time, allowing them to continue offering consumers a competitive decentralised borrowing experience underpinned by safe, decentralised, and consistent price data year after year.

A diagram showing low-quality data and centralized oracles create single points of failure.

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Liquity incorporates Chainlink Price Feeds into Tamper-Proof Borrowing Operations

Chainlink was chosen by Liquity because it is the industry’s most time-tested decentralised oracle solution, backed by high-quality data, secure node operators, and a solid reputation structure for verifying the security and performance of its systems. Chainlink Pricing Feeds, accessed via an immutable proxy interface, allowed Liquity to maintain its governance-free approach while providing highly accurate and secure price data straight to Liquity’s smart contracts.

The Liquity team had a clear approach to acquiring robust price feeds that did not necessitate centralised oracle services or domestically created price oracles thanks to Chainlink’s ready-made price oracle infrastructure. Chainlink Price Feeds met all of Liquity’s stringent requirements for a decentralised price oracle solution that would be constant at all times. The three layers of data aggregation in Chainlink Price Feeds provide great resilience to any sort of price manipulation or exploitation. Furthermore, with a price deviation threshold of 0.5 percent for the ETH/USD Price Feed, modest price movements can be reflected in real-time to securely liquidate undercollateralized positions and protect borrower funds, even with a collateralization ratio of 110 percent.

Total Value of Liquidity Exceeds $2.7 Billion Locked
The combination of Liquity’s protocol architecture and Chainlink’s tamper-proof price data propelled Liquity to near-instant success. Liquity started in April 2021, and it took only two days to integrate Chainlink Price Feeds, which has maintained 100 percent uptime and saved the Liquity team 100+ hours in development time over constructing a bespoke Oracle solution. Since then, Liquity has rapidly expanded to service thousands of users, acquiring $2.7 billion in TVL in 8 months with a peak of $4.6 billion.

Liquity has seen continued growth in holders since integrating Chainlink price oracles.

chainlink

Users were able to comfortably use Liquity’s decentralized borrowing platform to earn additional returns and free their liquidity due to the robust pricing architecture behind their 110 percent collateral requirement and 0 percent interest loans. As Liquity grows in size, the Chainlink Network’s track record of securely sending over 1 billion price data points to smart contracts provides users with confidence that the Liquity protocol will function as intended at all times.