> For the complete documentation index, see [llms.txt](https://help.defisaver.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://help.defisaver.com/protocols/liquity-v1/what-are-the-key-benefits-of-liquity.md).

# What are the key benefits of Liquity?

*A shot list of features that are considered the key benefits of Liquity:* 

* 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