1.

LUSD meaning in Cryptocurrency ?

Answer»

LUSD is the USD-pegged stablecoin used to pay out loans on the Liquity protocol. At any time it can be redeemed against the underlying collateral at face value.

To borrow you must open a Trove and deposit a certain amount of collateral (ETH) to it and can then draw LUSD up to a collateral ratio of 110%.

reference nan


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