0% interest-free
DeFi liquidity for
Liquid Loans is the first truly decentralized lending protocol built specifically for PulseChain.
Fully Backed Stablecoin. Low 110% Collateral Ratio. No Repayment Schedule. Immutable. Governance-Free. No Admin Keys.
Read The Whitepaper
With Liquid Loans, you never have to sell your Pulse. #neverselling
0% Interest Rate
Liquid Loans charges a small, one-time fee to borrow USDL instead of highly variable interest rates often found when borrowing.
1 USDL = 1 USD
Borrow USDL, a fully backed stablecoin pegged to the US Dollar that’s maintained by an algorithmic monetary policy.
110% Collateral Ratio
Liquid Loans efficient and fully autonomous 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. Many stablecoins today are fiat-backed. But USDL is different. It doesn’t rely on dollars in a bank account. Instead, USDL is minted when users deposit PLS (PulseChain coin) as collateral that has been locked into individual smart contracts called Vaults.
LOAN
LOAN is the secondary token issued by the protocol. It captures the fee revenue that is generated by the system and incentivizes early adopters. You earn LOAN by providing USDL to the Stability Pool in exchange for rewards. You can also stake your LOAN tokens to earn the revenue paid for borrowing or redeeming USDL.
Key Benefits
Interest-free borrowing
Low collateral ratio (110%)
Immutable
Non-custodial
No admin keys
Governance-free
Fully-backed monetary policy
Censorship resistance
Hard price floor
Growth incentives
Main Use Cases
There are many ways you can use Liquid Loans, including:
BORROW
Lock up your existing PLS and mint your USDL loan
REDEEM
Unlock 1 USD worth of PLS for 1 USDL in the future, if you choose
STAKE
Stake LOAN to earn USDL and PLS from the borrowing fee revenue
EARN
Provide USDL to the stability pool for LOAN and PLS rewards
How It Works
Here is a break-down of how the ecosystem works.
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