LUSD
Liquity USD
Liquity's minimally-governed CDP stablecoin, ETH-collateralised, with a 110% min ratio and a stability-pool liquidation mechanism.
LUSD is issued by an immutable contract — no governance, no fees beyond the one-time issuance fee. Trades close to $1 with redemption arbitrage at the 110% ETH threshold. Liquity v2 (BOLD) extends the model to multi-collateral.
See on StableLens
/stablecoins/LUSD — live data, risk grade, and methodology citation.
Related terms
- LiquityThe protocol behind [[lusd]] — minimal-governance, ETH-collateralised CDP issuance with a stability-pool liquidation model.
- CDP (collateralised debt position)A user-opened debt position backed by crypto collateral — the issuance mechanism for DAI, LUSD, GHO, crvUSD.
- Over-collateralisationBacking debt with collateral worth more than the debt itself — the standard for permissionless CDP stablecoins.
- crvUSDCurve Finance's CDP-issued stablecoin, collateralised by ETH, wstETH, sfrxETH, WBTC, and tBTC, using a soft-liquidation algorithm (LLAMMA).