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Convert
Peruvian Sol (PEN) to Liquity (LQTY) Instantly

PEN PEN
LQTY LQTY
Buy Liquity (LQTY)

Purchase Liquity (LQTY) with Peruvian Sol (PEN) easily at Switchere and benefit from fast, secure transactions.

About
Liquity (LQTY)

Liquity is a decentralized borrowing protocol built on the Ethereum blockchain that offers a unique approach to DeFi lending. Its core function is to allow users to draw interest-free loans against their Ether (ETH) collateral. These loans are paid out in LUSD, a fully redeemable, USD-pegged stablecoin. A primary innovation of this digital asset protocol is its exceptional capital efficiency, requiring a minimum collateral ratio of only 110%. This design makes it one of the most accessible on-chain borrowing solutions available within the decentralized finance ecosystem, directly addressing the issue of over-collateralization common in other platforms.

The system’s architecture is rooted in true decentralization. Liquity’s smart contracts are immutable and the protocol operates without any form of governance, minimizing human intervention and creating a more predictable financial instrument. Its robust liquidation mechanism is managed algorithmically and supported by a Stability Pool, where LUSD holders can deposit their tokens to participate in liquidating under-collateralized positions, known as Troves. The native utility token, LQTY, is not a governance token. Instead, its primary function is for staking. By staking LQTY, holders earn a share of the protocol fees generated from LUSD issuance and redemptions, providing a direct revenue stream from the protocol's core operations.

Liquity (LQTY)

How to Buy Liquity (LQTY)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose PEN to LQTY Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your Liquity Wallet Address

    Provide your LQTY wallet address and proceed with the payment.

  3. 03

    Receive Your Liquity

    Complete the payment, and your LQTY will be sent to your wallet.

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Frequently asked questions

  • What is the PEN to LQTY trading pair and what does it represent?

    The PEN to LQTY pair represents the exchange rate between the Peruvian Nuevo Sol (PEN) and the Liquity protocol's secondary token, LQTY. Trading this pair allows you to use fiat currency from Peru to acquire LQTY, a digital asset that captures fee revenue from the Liquity protocol, an Ethereum-based decentralized borrowing platform known for its LUSD stablecoin and interest-free loans.

  • What is the typical process for buying LQTY with Peruvian Sol?

    Direct PEN to LQTY pairs are rare. The common method is a two-step process: First, use a Peruvian fiat on-ramp or P2P platform to buy a major cryptocurrency like ETH or a stablecoin (USDT/USDC) using PEN via local payment methods like BCP bank transfer or Yape. Second, transfer that asset to a self-custody wallet and use a decentralized exchange (DEX) on the Ethereum network to swap it for LQTY.

  • What is the primary utility of staking LQTY tokens obtained with PEN?

    The core utility of LQTY is staking it in the Liquity protocol's Stability Pool. By doing so, you don't receive governance rights, as the protocol is immutable and governance-free. Instead, stakers earn a pro-rata share of the protocol's revenue, which is generated from issuance fees for LUSD loans and redemption fees. This allows LQTY holders to directly benefit from the protocol's adoption and transaction volume.

  • What fees should be considered when converting PEN to LQTY?

    There are several potential fees: 1) Fiat on-ramp fees from the Peruvian P2P or exchange service. 2) Blockchain network fees (gas fees) on Ethereum for the DEX swap transaction, which can be significant. 3) The DEX's trading fee, typically a small percentage of the trade value. 4) Slippage, which is the potential price difference between when you submit the transaction and when it's confirmed on-chain, especially for large orders.

  • Are there any specific KYC/AML compliance rules in Peru for this crypto transaction?

    Yes, when using a centralized Peruvian fiat on-ramp or exchange to buy the initial crypto with PEN, you will almost certainly need to complete a Know Your Customer (KYC) and Anti-Money Laundering (AML) process. This involves verifying your identity with official documents. These regulations, often overseen by bodies like the UIF-Perú, are standard for financial services to prevent illicit activities. The subsequent swap on a DEX is typically non-custodial and does not require personal identification.
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