Collateral position

Collateral positions are the backbone of the linked tokens. All tokens need to comply with the minimal collateral needed (150% for lUSD), or they will be liquidated.

The collateral token for lUSD is ether (ETH) the native token of the ethereum chain. To open a collateral position you need ETH. Collateral position owners can mint tokens and receive a 1.5% stability reward. This reward is deducted from the tokens needed to close the collateral position.

To interact with the lUSD contract go to the linked dashboard: banq.