Token Symbol: LQTY3S


Liquity is a decentralized stablecoin protocol that allows users to mint stablecoin (LUSD) by depositing ETH as collateral.The project consists of the following major components working in conjunction:1.Interest-free Borrowing: Holders are able to redeem LUSD for the underlying ETH collateral at face value as users can only borrow at a minimum collateral ratio of 110%. 2.Overcollateralized Stablecoin: LUSD is a decentralized stablecoin that is fully redeemable, allowing holders to redeem LUSD for the underlying ETH collateral at face value. 3.Immutable Smart Contract: The smart contract code is completely immutable, non-upgradable and therefore ungovernable. This enables LUSD to become one of the most censorship resistant stablecoins.

LQTY3S is a leveraged token that goes short on LQTY with 3x leverage, which means that for every decrease in the price of LQTY in the market, the leveraged LQTY token seeks a 3x increase in its price. LQTY3S is required to maintain its target leverage and does so through dynamic rebalancing to gain a net value increase by 3% when the price of LQTY falls 1%.

Due to such rebalancing and investment costs,LQTY3S may suffer a net value loss when the market fluctuates. Please note, AscendEX’s leveraged tokens are not suitable for long-term investment. Investors must be cautious while investing in leveraged tokens and manage their investment risks in a timely manner.

Official Website:

Risk Disclosure:

Leveraged tokens differ from regular tokens for spot trading in that there is higher risk and volatility, which could bring about great returns or losses in a single day. Please learn more about leveraged tokens in ourhelp center before making an investment.