Projects listed: 276 |
BTC Dominance: 0.00% | Volume (24h): $42,707,933,837 | Market Cap: $2,606,669,278,739
Liquity
LQTY
$0.76
Sector
Defi
Exchange Debut
2021-04-08
Market Cap
73,279,296
Maxim Supply
100,000,000
Circulating Supply
96,341,228
Circ. Supply(%)
96.34%
Liquity
LQTY
Price
$0.76
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
17337204
0.785912105903
0.730246379226
Change 24h
Change 7d
Change 30d
-2.2796
-10.8483
-12.65
Maxim supply
Circulating supply
Circulating supply(%)
100,000,000
96,341,228
96.34%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Liquity – LQTY cryptocurrency:
Liquity, a decentralized borrowing protocol on Ethereum, offers the stablecoin LQTY, anchored to the USD. It enables Ether holders to obtain loans in LQTY, with fees adjusted by algorithms. The fundamental analysis of the Liquity – LQTY cryptocurrency reveals an overall score of 6.44 out of 10, reflecting varied strengths and areas for improvement across different criteria.
SOCIAL & MASS MEDIA: Score 5 out of 10
The project’s presence in the media is robust, scoring a high 9 out of 10, indicating significant media coverage. However, its performance in social media engagement is mixed. The community activity and the ability to attract followers on social media pages are relatively weak, both scoring 3 out of 10. The activities of social media administrators and the size of chat group communities are average, each scoring 5 out of 10.
AUDIT & SECURITY: Score 7.34 out of 10
Liquity’s audit and security aspect is relatively strong. The project’s audit results are commendable with a 7.7 out of 10, and liquidity on exchanges is robust at 8 out of 10. However, the transparency of information available to the public is moderate, scoring 5 out of 10.
TOKENOMICS: Score 7.05 out of 10
In terms of token economy, Liquity fares well, especially regarding its inflationary aspect, scoring 9 out of 10. However, the centralization of its monetary mass is a concern, reflected in a score of 6 out of 10.
ECOSYSTEM DEVELOPMENT: Score 5.8 out of 10
The ecosystem development of Liquity shows potential but is currently average. The project scores 5 out of 10 in achieving objectives and a slightly better 6 out of 10 in planning for new developments.
TEAM & DEVELOPERS: Score 5.68 out of 10
The experience of the Liquity team is notable, earning a 6.6 out of 10. However, the number of software developers is a significant limitation, scoring only 2 out of 10, which could impact the project’s future development.
PRODUCT & UTILITY: Score 7.86 out of 10
Liquity’s product and utility are strong aspects of the project. The utility of the product scores 7.1 out of 10, and the utility of tokens within the ecosystem is particularly high at 9 out of 10.
PARTNERS & INVESTORS: Score 6 out of 10
The project scores an average 6 out of 10 in this area. The quality of partners is commendable with a score of 7 out of 10, but the number and capacity of investors are moderate, scoring 5 out of 10.
Fundamental analysis of the Liquity – LQTY cryptocurrency – The final conclusion
What is Liquity – LQTY?
Liquity-LQTY: A Comprehensive Overview
Liquity-LQTY is a decentralized borrowing protocol, enabling users to obtain loans against their Ether tokens. Loans are distributed in LUSD tokens, a USD-pegged stablecoin. This stablecoin can be easily converted into traditional currency, ensuring users have consistent liquidity. An essential aspect of this system is the required minimum collateral ratio of 110%. After obtaining a loan, users can transfer their LUSD tokens to any Ethereum address.
The Role of Troves
Trove functions as an account within the Liquity system. It records both the Ether collateral and the corresponding debt in LUSD. Crucially, each Ethereum address can only have one Trove. Essentially, it tracks and maintains loans for users.
Stability Pool: Ensuring Solvency
The Stability Pool plays a pivotal role in ensuring the system remains solvent. It uses LUSD tokens to manage undercollateralized debt, making sure the LUSD supply is adequately backed up. This pool is funded by users, known as stability providers. Over time, these providers gain a share of liquidated collateral but may lose a share of their LUSD deposits.
Key Benefits of Liquity-LQTY
Liquity introduces several advantages, addressing prevalent issues in the crypto lending space. These benefits include offering interest-free liquidity, maintaining a low collateral ratio at 110%, and ensuring a hard price floor. Moreover, the platform operates using a governance-free algorithmic monetary policy, ensuring censorship resistance and providing growth incentives.
In the fundamental analysis of the Liquity-LQTY cryptocurrency, it becomes evident that the platform’s design aims to offer users a seamless, secure, and beneficial borrowing experience. By understanding its intricate features and benefits, potential users can make informed decisions regarding their cryptocurrency ventures.
- Latest analysis update: October 25, 2023
Liquity-LQTY performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
