Liquity protocol’s native token – LQTY – shot up by 108.36% after a listing announcement by crypto giant, Binance.
The decentralized borrowing protocol essentially enables users to draw 0% interest loans against Ether used as collateral. LUSD, which is a USD-pegged stablecoin, is used to pay out loans and needs to maintain a minimum collateral ratio of only 110%.
- Binance បានប្រកាស listing LQTY in the Innovation Zone with two trading pairs – LQTY/BTC, and LQTY/USDT. The trading will commence on February 28th. Withdrawals, on the other hand, will open on March 1st.
- Additionally, LQTY is also being added as a borrowable asset in the isolated margin account.
- The Innovation Zone is essentially a dedicated trading zone that enables users to trade new tokens that are likely to have higher volatility and can potentially pose a risk greater than other tokens.
- Following the listing, LQTY surged by well over 30%.
- According to the latest stats in DefiLlama, the total value locked (TVL) in the protocol stands above $600 million. While this is a substantial reduction from its peak of $4.52 billion during the bull run in 2021, the TVL figure is still up by 50% since the beginning of this year.
Binance ឥតគិតថ្លៃ 100 ដុល្លារ (ផ្តាច់មុខ): ប្រើតំណនេះ ដើម្បីចុះឈ្មោះ និងទទួលបាន $100 ឥតគិតថ្លៃ និងថ្លៃសេវា 10% លើ Binance Futures ខែដំបូង (លក្ខខណ្ឌ).
ការផ្តល់ជូនពិសេសរបស់ PrimeXBT៖ ប្រើតំណនេះ ដើម្បីចុះឈ្មោះ និងបញ្ចូលលេខកូដ POTATO50 ដើម្បីទទួលបានប្រាក់រហូតដល់ 7,000 ដុល្លារលើការដាក់ប្រាក់របស់អ្នក។
Source: https://cryptopotato.com/binance-listing-triggers-over-100-surge-in-liquity-token/