Liquity
Liquity is a decentralized borrowing protocol offering interest-free liquidity against collateral in Ether, the second most popular cryptocurrency. By utilizing a liquidation mechanism and leveraging an algorithmic monetary policy, it can provide unlimited benefits.
It is a “Defi platform,” a decentralized finance system in which financial products become available on a public decentralized blockchain network.
They are accessible for anyone to use, rather than going through middlemen like banks or brokerages. Liquity protocol allows for an unprecedented minimum collateral ratio of 110% and does not rely on human governance.
Liquity loans have no end date or fixed-term loans, so users can pay them in the term they prefer. Every staker gets rewards.