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