Liquity Airdrop
About Liquity
Liquity is a blockchain-based borrowing protocol that allows users to take out interest-free loans using ETH as collateral. These loans are distributed in LUSD, a stablecoin pegged to the U.S. dollar, offering a capital-efficient borrowing process. Liquity addresses the dominance of centralized fiat-collateralized stablecoins like USDC by providing a decentralized and user-friendly platform. With a collateral ratio of just 110% and interest rates at 0%, Liquity ensures that LUSD remains redeemable for the original collateral. Two associated tokens, LUSD and LQTY, play a crucial role in its ecosystem.
Why we choose Liquity?
We selected Liquity for its innovative approach to decentralized borrowing, offering interest-free loans using ETH as collateral. With $8.4M in funding from backers like 1kx, a_capital, Alameda Research, Alexander Pack, and AngelDAO, Liquity stands out by providing a capital-efficient, decentralized alternative to centralized fiat-collateralized stablecoins. Its user-friendly platform and robust ecosystem make it a compelling project in the DeFi landscape.
Liquity Airdrop Guide
Airdrop Eligibility
- Holding and staking LQTY tokens.
- Depositing LUSD into the Stability Pool.
How to get Liquity Airdrop?
I. Prerequisites
- Have ETH ready for gas fees and token acquisitions.
- Ensure access to a Web3 wallet (Rabby recommended).
- Understand basic DeFi operations.
II. Acquire Required Assets
- Purchase ETH from Binance or another exchange.
- Swap ETH for Liquity’s governance token, LQTY.
- Obtain LUSD, Liquity’s stablecoin.
III. Stake LQTY Tokens
- Connect your wallet to an official Liquity frontend.
- Go to the Staking section and select “Start Staking.”
- Enter your LQTY amount and confirm the transaction.
IV. Provide Stability Pool Liquidity
- Navigate to the Stability Pool section.
- Click “Deposit” and specify your LUSD deposit amount.
- Approve and confirm the transaction.
V. Maximizing Your Rewards
- Participate in both LQTY staking and the Stability Pool to earn multiple fork airdrops.
- Receive LUSD and ETH from protocol fees.
- Acquire ETH at a reduced price with LUSD from liquidated troves.
