Binance Listing triggers over 100 % increase in liquity tokens

Binance Listing triggers over 100 % increase in liquity tokens
The native Token of the Liquity Protocol-LQty-shot up by 108.36 % after the crypto giant Binance announced a listing.
The decentralized credit report protocol essentially enables users to draw 0% interest loan against ether that are used as security. Lusd, a stable coin bound to the USD, is used to pay loans and must keep a minimum security rate of only 110 %.
- Binance announced the listing of LQTY in the innovation zone with two trading pairs - LQTY/BTC and LQTY/USDT. The trade begins on February 28th. Withdrawal, on the other hand, will be opened on March 1st.
- In addition, LQty is also included in the isolated Margin account as a borrowable asset.
- The innovation zone is essentially a dedicated trading zone that enables users to act new tokens that are likely to have higher volatility and possibly be a greater risk than other tokens.
- after the list LQty rose by well over 30 %.
- According to the latest statistics in Defillama, the total value (TVL) blocked in the protocol is over $ 600 million. This is a significant decline compared to the highest level of $ 4.52 billion during the house in 2021, but the TVL number has still increased by 50 % since the beginning of this year.
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