CryptoCurrencies
19060
Exchanges
500
Total Market Cap
4,551,152,609,302
Volume 24h
272,110,856,943
Dominance
BTC 54.27%   ETH 12.11%   XRP 3.94%   USDT 3.89%

Liqwid Finance
LQ

3.470
$
4.49 %
Change 24h
Market Cap
$ 70,283,450
Volume 24h
$ 84,077
Circulating Supply
20,212,125
Total Supply
21,000,000
LQ
$
# Exchange Pair Price Volume 24h

Description

Liqwid is an algorithmic and non-custodial liquidity protocol for earning interest on supplied assets and borrowing Cardano native assets. Users of the protocol can interact with money markets implemented as a set of pooled liquidity smart contracts. Users supply assets (a lender) when they call the market contract's mint function and borrow against their supplied assets as collateral (a borrower) when they call the borrow contract. The Liqwid DAO Token LQ unlocks voting power for protocol users to participate in the protocol's decentralized governance and when staked is used as a reserve asset generating two layers of yield for LQ stakers (liquidation profit and percent of total revenue).