LUSD (Liquity USD)
Stablecoin USD dari Liquity protocol dengan ETH collateral dan zero interest fee.
Penjelasan
Sobat Kripto, LUSD adalah stablecoin terdesentralisasi dari Liquity protocol (launched 2021). Backed 100 persen oleh ETH collateral di Trove (user lock ETH untuk mint LUSD). Zero interest fee (vs MakerDAO stability fee). Minimum collateral ratio 110 persen (lebih efficient dari DAI yang 150 persen). Immutable smart contract, no governance, no upgrade.
Mekanisme Unique
User open Trove (Vault Liquity equivalent), deposit ETH, mint LUSD up to 91 persen of collateral value (110 persen ratio). One-time borrowing fee: 0,5 persen at issuance. No ongoing interest. Stability Pool: holder LUSD deposit untuk earn liquidation reward, sangat efficient mekanisme.
Trade-off
Pro: zero interest, sangat efficient collateral ratio, immutable (no governance risk), purely crypto-native (no fiat dependency, no centralized issuer). Con: hanya ETH collateral (no diversifikasi), liquidation lebih ketat (110 persen threshold), supply growth terbatas. LUSD market cap relatively small dibanding DAI.
Use Case
Liquidity 'lazy' stablecoin: zero interest fee, hold long-term cheap. Stability Pool deposit: earn liquidation reward (premium 10 persen of liquidated collateral). LQTY (Liquity governance token): stake untuk fee revenue, value capture. Untuk Sobat Kripto advanced DeFi user: LUSD adalah niche tapi well-designed stablecoin dengan unique value proposition.