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