Liquity’s key benefits include:
- 0% interest rate — as a borrower, there’s no need to worry about constantly accruing debt
- The minimum collateral ratio of 110% — more efficient usage of deposited ETH
- Governance free — all operations are algorithmic and fully automated, and protocol parameters are set at the time of contract deployment
- Directly redeemable — LUSD can be redeemed at face value for the underlying collateral at any time
- Fully decentralized — Liquity contracts have no admin keys and will be accessible via multiple interfaces hosted by different Frontend Operators, making it censorship resistant