What is LQTT Coin?
LQTT Coin is the main token used in the LQTY (Liquity) system — a crypto project that lets people borrow money using their Ethereum (ETH) as collateral interest free loan but in a fully decentralized way.
Instead of going through banks or middlemen, Liquity lets you do it directly on the blockchain!
How Does It Work?
You can then borrow a stablecoin called LUSD.
The LQTT Coin is used to reward users, run the system, and keep things fair.
Why LQTT Coin Matters
✅ No interest loans: You pay a small one-time fee, but there’s no ongoing interest like banks.
✅ Fully decentralized: No one can pause or shut it down.
✅ Earn rewards: If you stake (lock up) your LQTT coins, you earn fees from the system.
✅ Secure and fast: Built on Ethereum, it's transparent and open for everyone.
How it works?.
Imagine you have 1 ETH. Instead of selling it, you use it to borrow money (LUSD). Later, you can pay it back and get your ETH back. Meanwhile, if you have LQTT, you can stake it and earn more tokens!
In Short:
LQTT = Utility token of Liquity system
Use it for rewards, governance, and stability
Great for DeFi users who want interest-free loans
$Qt
