Starting now, wallets are open and you can begin depositing LUSD into your Poloniex account. Full trading for LUSD with a USDT pair: LUSD/USDT will be enabled later today.
Interested in our listings? Tell your friends and earn 20% on their trading fees .
What is LUSD? LUSD is a fully redeemable USD-pegged stable coin issued by the Liquidity Protocol. Liquidity is a decentralized borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral. Loans are paid out in LUSD and need to maintain a minimum collateral ratio of only 110%. In addition to the collateral, the loans are secured by a Stability Pool. Deposit LUSD now and begin trading.
LUSD Stats
Price: $1.01
Market Cap: $1,458,638,031
24h Trading Volume: $23,779,863
Market Cap Rank: #75
24h Low / 24h High: $1.00 / $1.02
All Time High: $1.16 (April 05, 2021)
All-Time Low: $0.952915 (April 18, 2021)
Circulating Supply: 1,444,874,467 / 1,444,874,467 LUSD
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was originally published in The Poloniex blog on Medium, where people are continuing the conversation by highlighting and responding to this story.