Decentralized Borrowing Protocol Liquity’s LQTY Token Soars Amid USDC Chaos

While LUSD is meant to retain its dollar-peg, Liquidity’s secondary token LUSD has seen the upside. LQTY, which has a total supply of 100 million and a market capitalization of $314 million, per CoinGecko, captures the fee revenue generated by the Liquity protocol, which are then paid out to stakers.