LUSD • Decentralized USD stablecoin
Crypto BackedSources: DeFiLlama protocol revenue data
$1.2M monthly revenue in July 2025 (highest on record). 800% increase from previous month with strong borrowing demand and liquidation activity. Protocol health demonstrates as leading immutable stablecoin.
Sources: DeFi protocol announcements, Curve Finance
Major Curve liquidity pools with competitive yields, multiple farming opportunities across DeFi. Enhanced integration with lending protocols and growing institutional interest in composability.
Sources: Liquity development updates
BOLD stablecoin introduction in V2 with enhanced features, improved capital efficiency and user experience. Backward compatibility ensures LUSD V1 continues operating independently. Launch planned late 2025.
Sources: DeFi security analysis, protocol comparisons
Protocol cannot be modified or shut down with no admin keys. Immutable nature provides censorship resistance, trust minimization without developer dependence. Unique competitive advantage vs upgradeable protocols.
Sources: Protocol documentation
110% minimum collateral ratio (among lowest requirements), no interest payments (only one-time 0.5% fee), instant borrowing without waiting periods. Flexible repayment without penalties optimizes capital usage.
Sources: Legal analysis
Immutable code cannot be shut down or modified, decentralized issuance with no central issuer to target. ETH backing provides transparent, verifiable collateral. Permissionless access without KYC/AML requirements.
Decentralized USD stablecoin
Liquity USD is a crypto-backed stablecoin, maintaining its peg through overcollateralization with cryptocurrency assets. This decentralized approach offers transparency and censorship resistance while maintaining dollar stability.