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Liquid Loans What Are The Key Benefits?

0% interest rate – as a borrower, there’s no need to worry about constantly accruing debt 110% MCR – a low Minimum Collateral Ratio means more efficient usage of your deposited PLS Governance free – all operations are algorithmic and fully automated, and protocol parameters are set at time of deployment Directly redeemable – the protocol allows you to exchange 1 USDL stablecoin for USD $1 worth of PLS at any time Fully decentralized – the contracts have no admin keys and can be accessible via other front ends, making it censorship resistant What is USDL and LOAN? USDL is the USD value pegged stablecoin used to pay out loans on the protocol. It is an algorithmic stablecoin that aims to always be worth one US dollar and at any time it can be redeemed against the underlying collateral at face value. LOAN captures the fee revenue that is generated by the system and incentivizes early adopters. You earn LOAN by providing USDL stablecoin to the Stability Pool in exchange for rewards. You can...
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Liquid Loans What Is It?

Liquid Loans is the first truly decentralized lending protocol built specifically and exclusively for PulseChain. Liquid Loans allows you to draw 0% interest-free loans using the PulseChain native token (PLS) as collateral. Loans are paid out in USDL – a USD value pegged stablecoin – with a minimum collateral ratio required for a loan of 110%. The repayment schedule is timeless. Loans are secured by a Stability Pool containing USDL and by fellow borrowers collectively acting as guarantors of last resort. Liquid Loans as a protocol is a non-custodial, immutable, and governance-free lending protocol. The protocol is a finished product with no admin keys. Why develop Liquid Loans? The Liquid Loans protocol was developed to allow owners of PLS a method of extracting value from their holdings, without the need to ever sell. By locking up PLS and minting USDL, a PLS holder can take a 0% interest-free loan against their holdings, on a timeless repayment schedule. Is the protocol owned? The pr...
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