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In the dynamic world of crypto, crypto token rankings are often the benchmark for assessing the popularity and performance of a project. Recently, there has been an interesting trend where several tokens in the top 100 and above are winning the top of the market, with LQTY, Liquity's utility token, being one of those taking a leading role in this success.
#### LQTY: Understanding the Role of Liquity Utility Tokens
LQTY is a utility token introduced by decentralized lending platform Liquity. The platform allows users to use ETH as collateral and obtain loans in the form of the LUSD stablecoin. LQTY plays an important role in the Liquity ecosystem, used for various functions such as staking and liquidity mining.