DKU First Cloud Field Trip to Liquity
Date and Time: Dec 1, 2020: 1:00-2:30 P.M. (Zurich) [8:00-9:30 P.M. (China)].
Zoom Meeting ID: 985 9921 8713
Host/Support Organization: Office of Undergraduate Studies, Duke Kunshan University
Host: Prof. Luyao Zhang|Ph.D.
Co-host Organization: Liquity – Decentralized Borrowing Protocol
Running on Ethereum, Liquity offers interest-free loans by issuing its own USD-pegged stablecoin LUSD against ETH used as collateral. Thanks to a novel liquidation mechanism, the loans only need to maintain a minimum collateralization ratio 110%. Price stability does not rely on variable interest rates or human intervention, but is achieved through a redemption mechanism coupled with algorithmically adjusted redemption and loan issuance fees. The protocol incentivizes front end operators and early adopters that drive growth while contributing to system stability.
