Topshelf Finance LIQR Price $ 0.000257

TopShelf is a decentralized borrowing protocol that allows users to draw interest-free loans against collateral. Loans are paid out in synthetic tokens (e.g. USDL, BNBL, FTML) and need to maintain a minimum collateral ratio of 110%. The loans are secured by the collateral, a Stability Pool, and by fellow borrowers collectively acting as guarantors of last resort. Learn more about these mechanisms in our documentation. TopShelf Finance is non-custodial, immutable, and governance-free.

The protocol provides the following services:

• Allows users to hold their positions in their collateral and take loans against them, thereby freeing up capital to be deployed elsewhere
• Provides a stablecoin, USDL, that is not 100% fiat-backed, and thereby is more decentralized than stables such as USDT and USDC
• Allows users to take short positions on tokens such as BNB, FTM, and AVAX.