Liquity USD
Profil du Stablecoin
Liquity USD (LUSD) est un stablecoin collatéralisé en crypto : les utilisateurs frappent LUSD en verrouillant d'autres crypto-actifs en surcollatéral, avec 30,9 M $US actuellement en circulation sur 10 réseaux blockchain. L'ancrage à USD est maintenu via des enchères de liquidation lorsque la valeur du collatéral tombe sous les seuils requis. Source de prix obtenue via defillama.
À propos de Liquity USD (LUSD)
Liquity is a decentralized borrowing protocol that allows you to draw interest-free loans against Ether used as collateral. Loans are paid out in LUSD (a USD pegged stablecoin).
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.
Émetteur et attestation
Liquity USD (LUSD) is issued by Liquity Protocol, operating under Decentralised, fully on-chain, immutable contracts. Originally launched in 2021.
Composition des réserves
Backed exclusively by ETH at a minimum 110% collateralisation ratio. No governance, no admin keys, no off-chain reserves.
Événements notables d'ancrage
One of the few stablecoins to maintain its peg without any fiat-backed component or governance intervention through the 2022-2023 stress periods.
Les informations sur l'émetteur sont compilées à partir de divulgations publiques, de dépôts réglementaires NYDFS / BMA et de rapports d'attestation de source primaire. Vérifiez toujours directement auprès de l'émetteur avant toute décision.
Activité récente de l'offre
Liquity USD (LUSD) supply expanded by 2,2 k $US (+0.01%) in the last 24 hours, contracted by 244,2 k $US (-0.78%) over the past week, and contracted by 383,6 k $US (-1.23%) over the past 30 days.
Mild contraction: redemptions have slightly outpaced minting, with supply down 1.23% in the past month.
Historique de l'Offre
Network distribution
Liquity USD circulates across 9 blockchain networks. Ethereum hosts the largest share at 98.70%, followed by OP Mainnet at 0.73%. Arbitrum has shown the strongest 30-day growth at +7.63%, suggesting fresh issuance or bridge inflows on that chain.
| Chaîne | Offre | Part | 24h Δ | 30d Δ |
|---|---|---|---|---|
| Ethereum | 30,5 M $US | 98.70% | +0.01% | -1.02% |
| OP Mainnet | 224,6 k $US | 0.73% | 0.00% | -26.85% |
| Arbitrum | 176,6 k $US | 0.57% | 0.00% | +7.63% |
| Scroll | 721,7 $US | 0.00% | 0.00% | 0.00% |
| Polygon | 659,7 $US | 0.00% | 0.00% | 0.00% |
| BSC | 402,2 $US | 0.00% | 0.00% | 0.00% |
| Fantom | 309,1 $US | 0.00% | 0.00% | 0.00% |
| Avalanche | 53,1 $US | 0.00% | 0.00% | 0.00% |
| Polygon zkEVM | 35,5 $US | 0.00% | 0.00% | 0.00% |
Historique de stabilité de l'ancrage
As a crypto-collateralised stablecoin, Liquity USD (LUSD) maintains its 1.00 USD target by holding excess on-chain collateral and routing redemptions through automated liquidation auctions. Spot price is currently $1.0129 (+1.291%); short-term excursions of this magnitude are typically arbitraged away within hours via the protocol's open mint/redeem mechanics.
Comment les stablecoins crypto-collateralised défendent leur ancrage
Crypto-collateralised stablecoins like this one over-collateralise positions — borrowers must lock more than $1.00 of crypto for each $1.00 of stablecoin minted. If collateral value falls below the required ratio, the position is automatically liquidated in an open Dutch auction. Arbitrageurs can always mint and redeem against the protocol's contracts, which keeps the secondary-market price tightly bounded around $1.00. The main residual risks are sudden crypto-collateral crashes that outpace the liquidation engine, and oracle failure.
Implications pratiques pour les détenteurs
- Collateral volatility is the dominant risk: a fast drawdown in the collateral asset can outpace liquidation auctions and leave the protocol under-collateralised.
- Oracle risk: the protocol relies on price feeds (typically Chainlink or a multi-oracle setup). Oracle manipulation or delay during volatile markets has historically caused peg excursions.
- Governance risk: parameter changes (collateral types, liquidation ratios, debt ceilings) are decided by token-holder votes. Sudden governance attacks remain a tail risk.
- On-chain transparency is a major advantage — collateral is verifiable 24/7 without trusting an attestor.
- Mantapex tracks peg deviation in real time from DeFiLlama price feeds, but for high-value holdings cross-check directly on at least one independent venue (CoinGecko, the issuer's own dashboard, or an on-chain DEX).
Peg-stability commentary is based on the mechanism class (crypto-collateralised) and is provided for educational purposes only — it is not financial advice. Past peg stability is not a guarantee of future performance, and even the highest-quality stablecoins have historically traded outside their target band during banking, regulatory, or liquidity stress.
Adresses de contrat
Liquity USD (LUSD) is deployed as a token contract on 1 blockchain network below. Always verify the contract address you're interacting with on the relevant block explorer before sending funds — phishing tokens reusing well-known stablecoin tickers are common, especially on newer chains.
| Chaîne | Adresse du contrat | Vérifier |
|---|---|---|
| Ethereum | 0x5f98805a4e8be255a32880fdec7f6728c6568ba0 | Explorateur |
Les adresses de contrat proviennent du profil stablecoin de DeFiLlama. Certaines chaînes (Tron, Solana, Aptos, Sui) utilisent des formats d'adresse non EVM. Le lien « Explorateur » ouvre l'explorateur de blocs officiel de la chaîne concernée ; nous ne renvoyons pas vers des explorateurs tiers susceptibles d'afficher des données modifiées.
Comparer Liquity USD à d'autres stablecoins crypto-collateralised
Below are the largest crypto-collateralised stablecoins tracked on Mantapex alongside Liquity USD (LUSD). Comparing supply and chain footprint within the same mechanism class is more meaningful than cross-class comparison, because the underlying peg-defence assumptions are different.
| Stablecoin | Offre | Mécanisme | Chaînes |
|---|---|---|---|
| Sky Dollar (USDS) | 8,4 Md $US | crypto-backed | 6 |
| Ethena USDe (USDe) | 5,9 Md $US | crypto-backed | 23 |
| Dai (DAI) | 4,6 Md $US | crypto-backed | 48 |
| Falcon USD (USDf) | 1,6 Md $US | crypto-backed | 2 |
| USDD (USDD) | 1,1 Md $US | crypto-backed | 4 |
Entre les classes de mécanismes
If you're researching LUSD as part of a broader stablecoin allocation, it's worth comparing it across mechanism classes — each design has different counterparty, custody, and tail-risk profiles.
Stabilité du Peg
Distribution par Chaîne
Ressources et sources de données
Liquity USD (LUSD) is tracked across major crypto data providers. The links below open Liquity USD (LUSD)'s pages on CoinGecko, CoinMarketCap and DeFiLlama, so you can cross-check supply, market cap, exchange listings and historical price data directly at the source.
Price feed sourced from defillama. Supply, peg and chain-distribution data are aggregated from DeFiLlama's stablecoins dataset, which combines on-chain balances across supported networks. Numbers on this page typically refresh every 10 minutes.
Actualités récentes sur Liquity USD
Latest reporting from major crypto news outlets covering Liquity USD.
- CryptoPotato
DeFi Protocol Linear Finance Suffers Liquidity Drain in LUSD Token Attack
Attacker exploits system by minting unlimited LAAVE tokens, trading for LUSD on Linear Exchange.
- The Currency Analytics
Linear Finance Faces Devastating Exploit: LUSD Plummets to Zero, Users Left in the Lurch
In a shocking turn of events, Linear Finance, a prominent player in the cryptocurrency space, has fallen victim to a severe exploit that has left its users reeling. The exploit,…
- CryptoSlate
DeFi Platform Linear Finance In Crisis As LUSD Stablecoin Tanks To Zero After Exploit
DeFi protocol Linear Finance suffered an exploit yesterday, draining liquidity from its LUSD stablecoin. The Linear Finance team confirmed the exploit, saying all LUSD liquidity…
- Crypto Daily
Linear Finance Suffers Security Breach, LUSD Loses Peg
The attack led to a catastrophic loss of liquidity for the LUSD token on Ascendex and PancakeSwap.
- UToday
LUSD Plummets 100% as XRP-Supporting Linear Finance Suffers Major Attack
Linear Finance, a decentralized finance (DeFi) protocol, experienced a severe attack on Thursday, leading to a catastrophic loss of LUSD liquidity on both PancakeSwap and Ascendex.
- BeInCrypto
Linear Finance DeFi Exploit Collapses LUSD Stablecoin to Zero
Decentralized finance protocol Linear Finance has reported an attack that has resulted in liquidity being drained in its Linear USD (LUSD) token. It is the latest DeFi exploit in…
- Coincu
LUSD Suspected of Hacking – Safeguard Your Crypto Assets Today!
Key Points: Linear Finance has issued a pressing update regarding its LUSD stablecoin, alerting the crypto community to a potential security vulnerability. The announcement…
- Bitcoin
Top 10 Stablecoins Witness Massive Supply Reductions, Yet Dominate 61% of Global Trade Volume
For the first time in months, the entire list of top ten stablecoin assets has experienced supply shrinkage in the last 30 days. The stablecoin market now stands at $124 billion,…
Stablecoins associées
Stablecoins comparable to Liquity USD by collateral mechanism, peg currency, or circulating supply — handy for spotting alternatives if a peg breaks or a regulator forces a delist.
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Avertissement de Risque
Les stablecoins comportent des risques, notamment la dé-peggisation, les changements réglementaires et le risque de contrepartie. Diversifiez toujours et faites vos propres recherches.