0% interest-free
DeFi liquidity for emergencies...
Liquid Loans is the first truly decentralized lending protocol built specifically for PulseChain.
0% Interest Rate
Liquid Loans charges a small, one-time fee to borrow USDL instead of variable interest rates.
1 USDL = 1 USD
Borrow USDL, a fully backed stablecoin pegged to the US Dollar via algorithmic policy.
110% Collateral Ratio
Efficient liquidation mechanism allows users to get the most liquidity for their PLS.
USDL
USDL is a native stablecoin that aims to always be worth one US dollar. It doesn't rely on dollars in a bank account. Instead, USDL is minted when users deposit PLS as collateral.
LOAN
LOAN is the secondary token. It captures the fee revenue generated by the system. You earn LOAN by providing USDL to the Stability Pool.
Key Benefits
- Interest-free borrowing
- Low collateral ratio (110%)
- Immutable & Non-custodial
- No admin keys
- Governance-free
- Censorship resistance
Main Use Cases
There are many ways you can use Liquid Loans, including: