Compare
Four documents, the same five questions.
No throughput league table and no yield. The cells are what this library is willing to say about the text.
| Question | Liquity: Decentralized Borrowing |
|---|---|
| What the text proposes | Borrow a stable-value token against ether, with a one-time fee instead of an interest rate. Troves are liquidated into a stability pool. Redemptions let the token be swapped for the collateral of the weakest trove. The paper does not promise a peg. |
| Who may write | Robert Lauko and Rick Pardoe |
| What is settled | A trove: collateral in, stable token out, above a minimum collateral ratio. |
| Load-bearing assumption | A design without a governance token does not mean a design without parameters, or without a later version that changed them. |
| What this library says afterwards | The stable token is a claim on the mechanism, not a claim on dollars in a bank. |
| Rights | Official external source only |