The score, by dimension
- the same for all 7
- #2 of 7 · best 17.8
- the same for all 7
- the same for all 7
- the same for all 7
Tick: the best in this ranking · Methodology v2026.11.1
Liquity V1 (LUSD)
ETH-backed stablecoin with no interest
#2 of all 7 worldwide76
- Rank
- #2 of all 7 worldwidere-runs: scores 74–78 and stays #2
- Your cost
- $0.00 a year0% borrow APR · read
- Evidence
- High4 of 4 criteria sourced
- Licence
- No MiCA record on file
- Freshness
- Read October 2026checked · re-read due
Check availability for your country
Liquity V1 (LUSD) · docs.liquity.org. Provider links appear once we know which country you are browsing from: ChainChoice links to providers only where it serves in full.
Commission: This provider pays ChainChoice nothing for this link. Disclosure
Crypto products are high risk. Check the provider is authorised where you live before you deposit.
The verdict
Liquity V1 (LUSD) is #2 of 7 published CDP stablecoins; it scores 10/10 on borrow cost predictability, the category best. Its widest gap is peg resilience: 3/10, where Aave GHO scores 5. Choose Aave GHO if peg resilience matters most.
Is Liquity V1 (LUSD) right for you?
Suits you if
- What actually backs the coin7/10; the category best is 8
- Cost of the loan and who controls it10/10, the category best
Look elsewhere if
- Liquidation mechanics you actually bear7/10 here; Curve crvUSD scores 9
- Observed peg behaviour under stress3/10 here; Aave GHO scores 5
Not yet tested for your country. Markets it lists: Global.
to test where you can use it.
The rank above is the published one, the same for every reader. Find my best CDP stablecoin shows where it lands for you.
What will Liquity V1 (LUSD) cost you?
$0.00 interest/yr
The fee alone, plus a one-time borrowing fee and network gas.
- Amount borrowed
- $10k
- Borrow APR
- 0%
How safe is Liquity V1 (LUSD)?
- Evidence: verified4 of 4 criteria rest on quoted, sourced receipts. Read October 2026.
- LicenceMiCA (EU): no register record on file here.
If it doesn’t fit, choose
Compare all 4- 1Liquity V2 (BOLD)If liquidation mechanics matter most: 84 points above · stronger on liquidation mechanics (8 against 7)80$249 a year · read
- 3Curve crvUSDIf liquidation mechanics matter most: 93 points below · stronger on liquidation mechanics (9 against 7)73$330 a year · read
- 4Aave GHOIf peg resilience matters most: 59 points below · stronger on peg resilience (5 against 3)67$450 a year · read
Provider at a glance
- Category
- CDP Stablecoins
- Entity
- All 2 Liquity products
- Official website
- docs.liquity.org
Independent rankingchecked How it works
Details
Scored 76 out of 100 under methodology 2026.11.1, from the evidence read in October 2026.
For your setup
Find out if Liquity V1 (LUSD) fits you
The rank above is the published one — the same for every visitor. Answer the category's questions and this section shows where Liquity V1 (LUSD) lands for you, which criteria your answers weight up, and which stated needs the record does or does not meet. The published rank stays beside it.
- A few questions
- No account required
- Ranking-blind: no commercial input
- Personalised in under 60 seconds
Find my best CDP stablecoinNothing is inferred from clicks, popularity or commercial value.
Why this rank
Why Liquity V1 (LUSD) ranks #2
Each strength is read from evidence on a 0–10 ladder and weighted as the published methodology states. The 32 objective points these produce (21.8 here) sit inside the score; availability, friction, trust record and measured data add the rest. Best in this ranking on 1 of 4.
4 published criteria · Σ weight 100
CriterionWeightStrength · 0–10ScoreContrib.MedianBestRankEvidence
357+7.846.09#3/7
Primary
Provider page · read 2026-10-22257+5.604.08#2/7
Third party
Third party · read 2026-10-222010+6.406.010#1/7
Primary
Provider page · read 2026-10-22203+1.924.07#6/7
Third party
Third party · read 2026-10-22Hairline = best in this ranking · tick = its median · a missing bar is "not scored", never zero
Margin−4behind Liquity V2 (BOLD), #1 of all 7 worldwide, on the published score
RobustnessHoldsacross a one-point change to each of its 4 criterion scores, the re-run scores 74–78 and stays #2
Evidence4 of 4 scored4 quoted, 4 with a source link
What would move the rank
Each line is the ranking run again with one of Liquity V1 (LUSD)’s criterion scores changed and every other value held: the smallest whole-point change on that criterion that moves its rank, and where the re-run puts it. Up to 4 climbs and 3 falls are listed, smallest change first. Nothing here is a forecast.
Liquidation mechanics you actually bear 7 → 9 on its ladder · passes Liquity V2 (BOLD)+280#2 → #1
What actually backs the coin 7 → 10 on its ladder · passes Liquity V2 (BOLD)+380#2 → #1
Observed peg behaviour under stress 3 → 6 on its ladder · passes Liquity V2 (BOLD)+380#2 → #1
Liquidation mechanics you actually bear 7 → 5 on its ladder · Curve crvUSD passes it−272#2 → #3
What actually backs the coin 7 → 5 on its ladder · Curve crvUSD passes it−273#2 → #3
Cost of the loan and who controls it 10 → 7 on its ladder · Curve crvUSD passes it−372#2 → #3
Smallest climb: liquidation mechanics you actually bear 7 → 9 passes Liquity V2 (BOLD), #1.
Strengths
2 from the score dataWhere it leads
Best for readers who weight
- What actually backs the coin — 7/10, category best 8/10
- Cost of the loan and who controls it — 10/10, the category best
Tradeoffs
2 from the score dataWhere it trails
Not for readers who put first
- Liquidation mechanics you actually bear — 7/10 against a category best of 9/10
- Observed peg behaviour under stress — 3/10 against a category best of 7/10
Record watch-outs
- You are borrowing from a frozen protocol. Liquity's engineering and Stability Pool incentives have moved to v2/BOLD, and v1 is immutable by design — meaning nothing can be fixed, retuned or rescued if the Stability Pool empties. The persistent premium is the tell: with only $26.2M of LUSD outstanding (TroveManager, 15 September 2026) and LUSD at $1.0051, acquiring LUSD to close your position costs you about 0.5% above par, and over the past year that premium reached 2.7% (27 March 2026).
Competitive position
How Liquity V1 (LUSD) places on each criterion
Rank on every objective dimension among the rows scored on it. A criterion in the top third of its pool is listed as a lead, the bottom third as a trail; the middle is neither. Popularity, size and commercial terms are not dimensions.
Against the leader
80 vs 76 · gap 4.0Why Liquity V2 (BOLD) ranks above Liquity V1 (LUSD)
The compare workspace's arithmetic applied to these two rows. Each dimension's share of the gap is its weight × the difference, on the displayed scale — it reproduces the displayed gap of 4.0 to within rounding.
DimensionThisLiquity V2 (BOLD)Gap share
Availability · 23% weight · constant here14.014.0same
Published criteria · 35% weight16.317.8−3.9, worse
Friction · 12% weight · constant here2.72.7same
Trust record · 9% weight · constant here3.23.2same
Measured data · 21% weight · constant here8.38.3same
Published criterionThisLiquity V2 (BOLD)Points
Liquidation mechanics you actually bear · w3578−1.12, worse
What actually backs the coin · w2578−0.80, worse
Cost of the loan and who controls it · w20109+0.64, better
Observed peg behaviour under stress · w2034−0.64, worse
Net7680−4.0
Your scenario
What Liquity V1 (LUSD) costs on your scenario
Interest on what you borrow at the published rate. Variable rates move; excludes origination and liquidation penalties. Change an input and every figure recomputes from the published rate; the published rank does not move.
interest/yr · default scenario — set your own
Amount borrowed · your input$10k
Borrow APR · published rate0%
Rate read from the provider’s published pricing ↗ on 22 October 2026.
interest/yrCost is stated as interest/yr in USD; it is never a yield, never annualised, and it does not enter the score.
$0.00
The fee alone, plus a one-time borrowing fee and network gas: not a total, and never compared as one.Under the default inputs · USDTypical costNot statedFewer than 5 priced rows: no typical cost is named · 3 of 7 rows priced
Lowest fee, priced rows$249 · Liquity V2 (BOLD)Difference not stated · availability not applied — set your country to filterCompare with Liquity V2 (BOLD)
3 of 7 rows in this ranking have no verified rate for this scenario and are absent from the typical, not counted as free.
1 of 7 quote a zero fee that leaves costs out, so they are absent from the typical and the lowest fee, not counted as free.
Evidence
Evidence read 22 October 2026
One row per published criterion: the page each strength was read from, its source type by domain, the reading date and whether the file and the published table agree. Open a row for the quote and the receipt.
4 of 4 cells scored
Score evidenceVerified4 of 4 criteria reconstruct from receipts
4 of 4 criteria reconstruct from a quoted, sourced receipt equal to the published strength.Public receiptsReading…4 quoted with a source URL
The receipt file has not been read yet.Evidence confidenceHighcoverage and corroboration, never freshness
4/4 criteria scored, with 4 dated sources quoted.RobustnessHoldsrank #2 across every one-point re-run
Whether the position holds when one criterion score is changed by one point and the ranking is run again. It is always a re-run of the ranking, never an estimate.The newest evidence read on the platform is 10 November 2026; this category's reading is older. The scores stand as read on 22 October 2026.
CriterionSourceTypeReadFreshnessStatusReceipt
Liquidation mechanics you actually bearstrength 7 · weight 35Report an errorProvider's own page22 October 2026…
Verified
The published strength matches the evidence cell and a source page is on file.What actually backs the coinstrength 7 · weight 25Report an errorThird-party page22 October 2026…
Verified
The published strength matches the evidence cell and a source page is on file.Cost of the loan and who controls itstrength 10 · weight 20Report an errorProvider's own page22 October 2026…
Verified
The published strength matches the evidence cell and a source page is on file.Observed peg behaviour under stressstrength 3 · weight 20Report an errorThird-party page22 October 2026…
Verified
The published strength matches the evidence cell and a source page is on file.How you can lose money here, and what the ranking scores
- Control failure (Liquity V1 (LUSD) 10/10): a key or vote changes the rules, freezes or mints.Scored by Cost of the loan and who controls it · 20%
- Oracle failure (Liquity V1 (LUSD) 7/10): a wrong price or outcome liquidates or settles a position.Scored by Liquidation mechanics you actually bear · 35%
- Insolvency failure (Liquity V1 (LUSD) 7/10): the firm or issuer that owes you cannot pay.Scored by What actually backs the coin · 25%
- Exit failure (Liquity V1 (LUSD) 3/10): you cannot get out at par, on time, or with what is yours.Scored by Observed peg behaviour under stress · 20%
Not assessed by this ranking: Contract failure, Regulatory failure, Execution failure. A high place says nothing about these; the Methodology tab says what each means.
Facts
facts, not scoresWhat the record publishes
- Pricing
- Read on-chain 22 October 2026 (Ethereum block 26246895, 08:14:59Z) from TroveManager 0xA39739EF8b0231DbFA0DcdA07d7e29faAbCf4bb2: getBorrowingRate() = 0.006317856771492722 (a one-time fee of about 0.632 per cent: the 0.50 floor plus a base rate of 0.001317856771492722 that rises with redemptions and decays back toward the floor; getBorrowingRateWithDecay() = 0.005030031868054459), getRedemptionRate() = 0.006317856771492722. Liquity docs (docs.liquity.org/liquity-v1/faq/general): "The fees cannot become smaller than 0.5% (except in Recovery Mode )" and "The borrowing fee is capped at 5%". Recurring interest: 0, because the protocol draws "interest-free loans against Ether used as collateral". MCR() = 1.1 (110%), CCR() = 1.5 (150%).Liquity V1 (LUSD) — official pricing page ↗ · 22 October 2026
- Prices published in
- USDLiquity V1 (LUSD) — official pricing page ↗ · 22 October 2026
- Licences held
- Not published
- Compliance level
- partial
- Regulatory note
- Not published
- Supported chains
- Multi-chain
- Markets served
- global
- Primary markets
- Not published
- Restricted markets
- Not published
- Operating limits
- Not published
- Availability note
- Liquity AG runs no front end and its Website Terms (www.liquity.org/website-terms, dated "September 4, 2024", read 22 October 2026), which cover "BOLD, LUSD or LQTY", name no restricted country: "Liquity AG has not entered into any form of cooperation with frontend operators nor does Liquity AG itself operate a frontend to the Liquity Protocol." The V1 contracts are immutable and governance-free; access is through third-party frontends. Bucket: global.
Legal entity on file: Liquity, placed in 2 products. Only confirmed entities are shown; nothing is inferred from the brand name.
If something goes wrong with Liquity V1 (LUSD): where to complain, and where to report a scam
Loading the routes for your country.
How this page is reviewed
Reviewed means this product in this category was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
Accountable for this review: Mathias Siemonsmeier, Founder.
How we review · Review calendar · Corrections log · How we make money
History
What the record carries
Changes to published ranks are recorded in a ledger; every step and its cause is listed on the rank-history page. The entries below begin with the current verified snapshot, then the methodology versions whose changes applied to this category, newest first.
10 methodology entries
- 22 October 2026Current verified snapshot · methodology 2026.11.1Score 76, #2 of 7. 4 of 4 criteria scored. History starts here; earlier values are not interpolated.
- 15 October 2026
2026.10.10The live-data rule names the researched market measurements a criterion reads- changed The live-data rule names a second kind of figure a score reads: a researched, dated market measurement a criterion's ladder is built on, read again on the 45-day review. /methodology/live-data lists the 14 criteria that read one; no score, rank or order changes.
- changed A saved decision is checked again on the answers the reader saved. The drift check had merged a priority suggested by the market (price swings, gas) into those answers, so a market reading could move a saved decision's #1; the published ranking never read it.
- added On every build a test reads every criterion's published ladder: one that names a market quantity or a market-data source must be declared, and every scored row of a declared criterion must carry the source and the date its figure was read.
- 10 October 2026
2026.10.8When nothing serves your country, the list shown for reference is the published ranking · platform-wide- fixed The reference list shown when nothing serves your country is the published order with the published scores, and a build check now fails any such list out of that order or with a score the ranking does not publish.
- fixed The explorer prints an overall rank only for a row the published ranking holds; a country entrant such as Coinbase Commerce for US merchants shows no overall rank.
- changed Published orders do not move. Country results change only where nothing serves the country: in India bill pay keeps Bitcoin Well first and now shows Strike second, as published; 35 such runs across all categories and countries now match the published list exactly.
- 10 October 2026
2026.10.6A criterion you require re-scores the rows that meet it · platform-wide- changed The explorer sends each criterion you require, at any band, as fit_required with your other answers; region, licence, chain and fact filters stay filters. On /best, a required criterion joins For you as a marked preference does, which needs your country; Overall stays the published ranking, filtered.
- added Every published criterion has a golden case as the explorer sends it (require:<criterion>), so the order a requirement gives is replayed and gated as the published order is, and a change to it needs an entry here.
Methodology 2026.11.1, the same published run every visitor sees · receipt cdp_stablecoins:liquity_lusd:2026.11.1:3ca1ffa85b58
Are you Liquity V1 (LUSD)? Reply to this verdict, or send evidence, ask for a correction or claim the listing. Every message gets a public ticket number; none of it changes a rank unless a public page or a signed statement supports it.