Immutable zero-interest CDP dollar (Liquity V1), ETH-collateralized.
Historical peg variance
Loose peg90-day series · source: DeFi Llama
Chain distribution
Circulating supply by chain · updated 7d ago
Ethereum27.5M LUSD98.8%
Arbitrum183.3K LUSD0.7%
OP Mainnet140.5K LUSD0.5%
Scroll672 LUSD0.0%
Polygon541 LUSD0.0%
BSC397 LUSD0.0%
Fantom305 LUSD0.0%
Avalanche52 LUSD0.0%
Polygon zkEVM35 LUSD0.0%
Metadata
Peg targetUSD
Sub-categoryStablecoin
IssuerView network
ChainsArbitrum One
Arbitrum nativeNo
LiveLive
FoundedMarch 01 2021, 05:00 AM EST
Issuance
Backing & mint/redeem mechanics per the issuer.
Peg mechanismCrypto-backed
Using a Liquity frontend, users mint LUSD by depositing ETH as collateral into a Trove. When the loan is repaid to retrieve the collateral, the paid back LUSD is burned.