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This project has been archived by Cardano Cube. A project will be archived when the direct link to their website or social media accounts are broken or if there is too little online activity from the project to still be listed. If you're the owner of this project. You can re-verify your project by contacting us.
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We advise you to 'do your own research' before interacting with this project. This notification is shown based on claims by community members contacting Cardano Cube. If you're the owner of this project. You can verify your project by contacting us.
LiqwidX is a noncustodial DeFi liquidity protocol for borrowing that allows users to originate 0% interest loans against ADA deposited into individual vaults as collateral. New loans trigger the minting of LQUSD; a USD pegged stablecoin and are required to maintain a minimum collateral ratio of 110%. Beyond the collateral requirements, the loans originated in the protocol are backed by a Stability Pool of staked LQUSD and by other LQUSD borrowers in aggregate serving as liquidators. The LiqwidX protocol is decentralized and immutable with users directly interacting with the contract functions (e.g. minting LQUSD) onchain.
LiqwidX DAO Token LQX is the protocol’s native asset used for governance and one way to earn LQX directly within the protocol is by staking LQUSD in the Stability Pool. 65% of the total LQX supply will be distributed to LQUSD stakers over a three year period starting at mainnet launch.
