在 法国 購買 Liquid Loans USDL (USDL)

Liquid Loans is a decentralized borrowing protocol specifically designed for the PulseChain network. Its primary function is to allow users to extract value from their PulseChain assets without needing to sell them. The protocol introduces a dual-token system consisting of USDL and LOAN. USDL is the native stablecoin of the Liquid Loans ecosystem. It is designed to maintain a stable value relative to the US Dollar through a mechanism of over-collateralization. To obtain USDL directly from the protocol, users must lock up the native PulseChain asset, PLS, into a smart contract known as a Vault. Once the collateral is secured, the user can mint USDL as a loan. These loans are characterized by having zero percent interest and no fixed repayment schedule, meaning borrowers can maintain their positions indefinitely as long as their collateral ratio remains above a specific threshold. A core component of the protocol is the Stability Pool. This pool is funded by users who deposit their USDL to ensure the solvency of the entire system. When a Vault becomes under-collateralized, the Stability Pool is used to absorb the debt and maintain the stability of the stablecoin. In exchange for providing this service, depositors in the Stability Pool receive rewards in the form of liquidated collateral and the secondary token of the protocol, known as LOAN. The LOAN token serves as the ecosystem's reward and fee-sharing asset. While the protocol is described as governance-free and immutable, meaning there are no administrative keys or human-led management to alter the code, the LOAN token allows holders to participate in the value generated by the system. By staking LOAN tokens, users can earn a share of the fees collected by the protocol from borrowing and redemption activities. Redeemability is another fundamental feature of USDL. The protocol allows anyone to redeem USDL for the underlying collateral at a face value of one dollar per token. This mechanism helps keep the value of USDL stable by creating an arbitrage opportunity if the market value deviates from its target. Liquid Loans is built to be a fully autonomous and censorship-resistant financial tool. Because it lacks admin keys, the rules governing the minting of USDL and the management of vaults are fixed in the smart contract code. This transparency and decentralization are intended to provide a secure environment for decentralized finance activities on the PulseChain blockchain. 瞭解更多