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423 links aims to provide an objective introductory guide for people who are new to the cryptocurrency space, providing a step-by step introduction through the basics.
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Liquity is a revolutionary decentralized borrowing protocol that enables users to obtain interest-free loans using Ether (ETH) as collateral. Loans are disbursed in the form of LUSD, a stablecoin pegged to the US dollar, and borrowers must maintain a minimum collateral ratio of 110% at all times. The protocol is designed to be non-custodial, immutable, and devoid of governance, ensuring decentralization and security.

Liquity aims to address the prevalent issue of centralized stablecoins, such as Tether and USDC, that are currently dominating the stablecoin market. By providing a more capital-efficient and user-friendly method for borrowing stablecoins, Liquity promotes decentralization and reduces reliance on centralized assets.