Following the launch of the improved contract, users can withdraw their LUSD, the protocol’s USD-pegged stablecoin, from the old contract and deposit it into the new one for faster rebalancing. Liquidity has skyrocketed as a result – it has increased its value by 36% today.
This article provides information about what liquidity is, if it is a worthwhile investment, and the best places to buy liquidity if you decide to.
Top Places to Buy Liquidity Now
Since LQTY is such a new asset, it is yet to be listed on major exchanges. You can still buy LQTY using a DEX (decentralized exchange), which means there are a few extra steps. To buy LQTY now, follow these steps:
1. Buy ETH on a regulated exchange or broker, such as eToro ›
We recommend eToro because it is one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with the lowest fees in the industry. It is also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You have to create your wallet, get your address and send your coins there.
3. Connect Your Wallet to Uniswap DEX
Go to Uniswap, and ‘connect’ your wallet to it.
4. You can now swap your ETH for LQTY
Now that you’re connected, you’ll be able to exchange 100 coins, including LQTY.
What is Liquidity?
Liquidity is a decentralized lending protocol built on Ethereum. Ether holders can obtain loans in the form of their native token LQTY with algorithmically adjusted redemption and loan issuance fees.
Liquidity charges a one-time borrowing fee which is determined upfront as a percentage of the amount withdrawn. It can be as low as 0.5%.
Users can borrow the stablecoin LUSD interest free against their ETH used as collateral. Thus they can get ETH-backed loans without any recurring cost.
Liquidity has an advantage over other decentralized lending protocols in that it does not charge variable interest during the loan term. These rates can change arbitrarily and unpredictably.
Should I buy Liquidity today?
Liquidity can be an attractive investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment. Take all investment advice with a grain of salt.
Liquidity Price Prediction
According to the tech news leader, the price of Liquidity will almost double in a year: from $3.19 currently to $6.09. In 5 years, he estimates the liquidity will be worth $18.49, and it will trade for $116.32 a decade from now.
Liquidity on social media
improved @LiquityProtocol B.AMM CONTRACT IS LIVE!
Users can withdraw their LUSD from the old contract and deposit it into the new one for faster rebalancing.
Read our analysis of past $6m liquidations and how we’ve improved the Backstop AMMhttps://t.co/rASn4eJTbX– B Protocol (⊟→⊞) (@bprotocoleth) 3 February 2022