Liquid Loans: 0% Interest Free Liquidity on PulseChain

Liquid Loans is a project launching exclusively on the upcoming Ethereum fork, https://pulsechain.com/

What is Liquid Loans?
It is a system that allows you to use your Pulse (PLS) that will be the mother currency of Pulsechain as collateral to mint a new Stable coin which will also be native to that chain and known as USDL.

The process will involve you bringing your PLS coin to a front end DAPP where you will engage with a smart contract on the Pulsechain, this smart contract allows you to use the Dollar value of your PLS as collateral to mint yourself stable coin which you take away from the table once the smart contract has been executed.

Your PLS is then locked into a smart contract awaiting you to return to pay back what you received in USDL at any point in the future with no interest to be paid, no time frame to repay and most importantly, no third party involved, only you and your Smart contract.

What this means is you do not have to bring your PLS to the market to sell, and in doing so Dump the price down and ultimately lose your PLS. By taking advantage of Liquid Loans, you maintain the market price up, receive your Dollar value in stable coin USDL and your PLS can be released in the future once you repay what you received.

If you do not wish to buy out your PLS that you borrowed against, and the collateral in your smart contract has risen in value in the time since you opened it, you can continue to extract value from your smart contract wallet know as your ‘Vault’ in the form of more USDL.

What are the Key benefits?

• 0% interest rate
• A minimum collateral ratio of just 110%
• No maximum collateral ratio
• Governance free — Smart contract operations are algorithmic and fully automated
• Directly redeemable — USDL can be redeemed at face value for the underlying collateral, always and at any time.
• Censorship resistant — The contract is immutable and has no owner.

FAQ:

• What will cause a liquidation event? If your Vault falls below the minimum threshold collateralisation level of 110% your Vault will be liquidated by what is know as the stability pool providers, this pool is another function of the protocol where providers of USDL into a pool to prop the system up have the option to manually liquidate any Vault that has come up as eligible for liquidation after falling below the 110% ratio. (Note: The borrower has already extracted the dollar value in USDL at the beginning and effectively has lost nothing)
• What if PLS appreciates in value, do you only still have to pay back your original value to retrieve your PLS ? If your PLS has risen in value and in doing so raised your collaterlisation level and overall value of your Vault, only the original amount of USDL you received is required to be returned in order to unlock that PLS. Since your collateral level has now increased, you are also entitled to withdraw anything extra above your original agreement as long as you maintain your original collaterlisation level.
• When will this protocol launch? It is expected to launch shortly after Pulsechain main net launch, however, the Liquid Loans team are advising that the exact launch will be decided upon and monitored, as the opening price of PLS coin will have volatility and in that environment it would have the potential to cause user liquidation events which is not what the Liquid Loans team desire to see on launch.
• For more Frequently Asked Questions about Liquid Loans, click here.

The people behind the Liquid Loans project are well know and respected members of many Telegram Crypto communities, some being Administrators across various channels, please browse the information below for a wealth of further information to answer your questions and join the dedicated Telegram channel where anything you need answered will be handled by the team with courtesy and respect, no question is to little or to large,

Here is the Official Whitepaper,

https://liquidloans.io/whitepaper

As always, be sure to do your own research and perform due diligence.

LiquidLoans website: https://liquidloans.io/

LiquidLoans Telegram: https://t.me/liquidloans

LiquidLoans YouTube Streams:

YouTube — Corey C

YouTube — Rags to Riches

YouTube — Discourse Syndicate

YouTube — Dr Pulse and HEXtrovert

YouTube — Mati Allin

YouTube — Corey C with Jesse Part 2

YouTube — NRDGRL007

YouTube — Progress with Puello

YouTube — Crypto Coffee on LOAN Token

YouTube — Crypto & Down

YouTube — Progress with Puello part 2

YouTube — Sproveycoins — Liquid Loans,

YouTube — The Ultimate Pulsechain strategy — Liquid Loans,

YouTube — Jexxa — The Hex late show

Hextrovert TY — Jexxa clip

Hextrovert TY — Liquid Loans DAPP

Crypto Crazy / Adam Stokes — Liquid Loans

Hiphophexican — Gamechanger

Staker University — Pulse / Liquid Loans strategy

Crip Toe Kings — Liquid Loans on Pulse

Steve Hitson — Liquid Loans on Pulse

Matt Cho — Jesse interview

Mike M — PulseChain strategies

Crypto Coffee and Crypto Heartbeat

Rags to Riches special guest

Corey C interviews ‘Haunted’ of Liquid Loans

Haunted, Walrus and Tripletdad007 — Making whales

Making Whales — With Special guest Hodpril