treetopdevs/liquity

Liquity is a decentralized borrowing protocol that allows Ether holders to obtain maximum liquidity against their collateral without paying interest. Users can lock up ETH as collateral, create a "trove", and mint LUSD, a USD-pegged stablecoin, while maintaining a minimum collateral ratio of 110%. The protocol uses innovative mechanisms like incentivized stability deposits and a redistribution cycle to ensure stability at lower collateral ratios than current systems.