Liquity (LQTY) is a decentralized borrowing protocol that offers interest-free loans using Ethereum as collateral. The associated LQTY token is integral to its ecosystem. This guide provides a comprehensive look at its current market data, functionality, and answers to common investor questions.
Understanding Liquity and the LQTY Token
Liquity is a unique protocol on the Ethereum blockchain that provides non-custodial, interest-free loans. Users borrow a stablecoin called LUSD (Liquity USD) by locking up ETH as collateral. The system is designed to be immutable, transparent, and highly capital efficient.
The LQTY token serves a specific purpose within this ecosystem. It is a reward token distributed to users who provide stability to the LUSD stablecoin. When a loan is repaid, a stability fee is charged and distributed in LQTY to stability providers and frontend operators, incentivizing participation and system health.
Current LQTY Market Performance
As of the latest data, the live price of Liquity (LQTY) is approximately $1.29. Here is a detailed breakdown of its key market metrics:
- 24-Hour Trading Volume: $91,766
- 24-Hour Price Change: -5.63%
- 7-Day Price Change: -6.21%
- Circulating Supply: 95,041,434 LQTY
- Market Capitalization: $123.4 Million
- Market Rank: #177
These figures are highly dynamic and reflect the constant fluctuations of the cryptocurrency market. Prices are influenced by factors including overall market sentiment, trading volume, and developments within the Liquity protocol itself.
Recent Price Trends
| Period | Price Change | Percentage Change |
|---|---|---|
| Today | -$0.0739 | -5.42% |
| Last 7 Days | -$0.0855 | -6.22% |
| Last 30 Days | +$0.4536 | +54.23% |
| Last 3 Months | +$0.5925 | +84.93% |
This data shows short-term volatility but significant growth over a longer three-month horizon.
Key LQTY Price Levels
Understanding historical price extremes provides context for the current valuation.
- All-Time High (ATH): $62.97
The current price is down approximately 97.95% from its peak. - All-Time Low (ATL): $0.4336
The current price is up roughly 197.47% from its lowest point.
These benchmarks are crucial for assessing the token's potential risk and reward profile.
Global LQTY Exchange Rates
The value of LQTY can be measured against various global fiat currencies. Below are approximate conversions for one LQTY token:
- 1 LQTY to EUR: €1.09
- 1 LQTY to GBP: £0.94
- 1 LQTY to AUD: $1.96
- 1 LQTY to JPY: ¥185.24
- 1 LQTY to CAD: $1.76
- 1 LQTY to KRW: ₩1,751.71
These rates are derived from the prevailing USD price and are subject to constant change.
How and Where to Store LQTY Tokens
Security is paramount when holding any cryptocurrency. LQTY, being an ERC-20 token, can be stored in a variety of Ethereum-compatible wallets. Options range from exchange-based custodial wallets, which manage your private keys for you, to non-custodial solutions where you retain full control.
For those seeking greater security and control over their assets, using a self-custody software wallet (browser extension, mobile, or desktop) or a hardware wallet is highly recommended. To explore more strategies for securing your digital assets and managing your portfolio effectively, you can discover advanced storage solutions.
Converting LQTY to Fiat Currency
The process of converting LQTY into cash typically involves two main steps:
- Trade for a Stablecoin: LQTY is first sold on a spot market for a stablecoin like USDT or USDC.
- Off-Ramp to Fiat: The stablecoin is then sold through a peer-to-peer (P2P) platform or a supported crypto-to-fiat trading pair on an exchange that offers such services in your region.
Always ensure you are using a licensed and compliant service for fiat conversions to adhere to local regulations.
Frequently Asked Questions
How much is 1 Liquity (LQTY) worth?
The price of 1 LQTY is dynamic and changes based on market supply, demand, and sentiment. Its current USD value is approximately $1.29, but this should be verified against a live price chart.
What is the total and circulating supply of LQTY?
LQTY has a fixed maximum supply of 100,000,000 tokens. The current circulating supply is 95,041,434 LQTY. Market capitalization is calculated by multiplying this circulating supply by the current market price.
What determines the price of LQTY?
The price is primarily determined by market forces on exchanges. Factors include overall crypto market trends, adoption and usage of the Liquity protocol, developments and updates from the project team, and broader investor sentiment.
Is LQTY a good investment?
All cryptocurrency investments carry inherent risk and high volatility. LQTY's value is tied to the success and usage of the Liquity protocol. It is essential to conduct thorough personal research (DYOR), understand the project's fundamentals, and only invest what you are willing to lose.
What is the difference between LUSD and LQTY?
LUSD is the stablecoin borrowers mint by depositing ETH collateral. It is designed to maintain a peg to the US Dollar. LQTY is a separate reward token that is earned by those who help stabilize the LUSD ecosystem; it is volatile and not pegged to any fiat currency.
Where can I learn more about the Liquity protocol?
The official project documentation is the best source of technical information. Independent research sites that provide analytics and smart contract data can also offer valuable insights into protocol metrics and activity.