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Record sog_st_lusd

LUSDLiquity USD

Also recorded as LUSD, Liquity USD

Active

Lifecycle: Active
Issuance: Protocol-based
Reference target: US dollar
Primary organization: LiquityNo additional recorded relationship
Launch: 2021-04-05
Redemption: Protocol Based
Backing: Crypto-collateralized
Stabilization: Overcollateralized vault
Last review: 2026-06-02
Evidence: 2 source records

Reviewed assessment

Identity and current state

This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.

A crypto-collateralized stablecoin from Liquity V1, distinct from the BOLD stablecoin introduced with Liquity V2.

Name	Liquity USD
Symbol	LUSD
Aliases	LUSD, Liquity USD
Asset class	Stablecoin
Lifecycle status	Active
Issuance status	Protocol-based
Canonical record ID	`sog_st_lusd`
Route slug	`lusd`
Record confidence	Medium
Last reviewed	2026-06-02

Name: Liquity USD
Symbol: LUSD
Aliases: LUSD, Liquity USD
Asset class: Stablecoin
Lifecycle status: Active
Issuance status: Protocol-based
Canonical record ID: sog_st_lusd
Route slug: lusd
Record confidence: Medium
Last reviewed: 2026-06-02

Record coverage

Section	Entries
Organizations	1
Sources	2
Reserve reports	2
Reserve components	1
Model-history events	1
Regulatory notes	0
Deployments	1
Issuer-control actions	0
Open questions	1
Events	1

Organizations and control

Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.

Governance: Protocol Governed
Primary display organization: Liquity
Primary display role: Protocol operator
Display selection mode: Deterministic Policy
Current relationships: 1
Ended relationships: 0
Unknown relationship state: 0
Freeze capability: 0 recorded yes · 0 recorded no · 1 not recorded
Blacklist capability: 0 recorded yes · 0 recorded no · 1 not recorded
Deployment control-event references: 0
Observed issuer-control events: 0
Relationship coverage: 1 recorded relationship

All current, ended, and unknown-state organization relationships
Organization	Organization category	Regulatory character	Jurisdiction	Role	Display priority	From	Until	Relationship status
Liquity	Protocol or software system	Protocol or decentralized system	Unknown or not publicly resolved	Protocol operator	Primary display	2021-04-05	Not yet recorded	Active relationship

Protocol or software system

Liquity

Primary display

Functional role: Protocol operator
Relationship status: Active relationship
Regulatory character: Protocol or decentralized system
Jurisdiction: Unknown or not publicly resolved
From: 2021-04-05
Until: Not recorded

Mechanism

How the asset works

Reference, backing, stabilization, exit, valuation, and yield remain separate facts.

Reference target: US dollar
Reference kind: Fiat
Comparison category: US dollar
Target value: 1
Reference methodology: Targets a US dollar reference value unless the record documents a different target value.
Public backing model: Crypto-collateralized
Canonical backing types: Crypto Collateral
Reserve component categories: Crypto Collateral
Primary stabilization mechanism: Overcollateralized vault
Recorded model description: Crypto-collateralized
Redemption / exit model: Protocol Based
Valuation source: Public information is incomplete
Yield / rebase profile: None recorded
Classification notes: Not recorded

Reserve and redemption

Recorded components, disclosures, reports, and redemption conditions remain explicit.

Reserve components

Crypto collateralCrypto Collateral

Reserve profile

Disclosure status	Protocol-transparent
Backing types	Crypto Collateral
Summary	Collateral is protocol-visible rather than held as a conventional issuer reserve.
As of	2026-06-02
Profile confidence	Medium

Disclosure status: Protocol-transparent
Backing types: Crypto Collateral
Summary: Collateral is protocol-visible rather than held as a conventional issuer reserve.
As of: 2026-06-02
Profile confidence: Medium

Redemption profile

Current status	Protocol Based
Settlement asset	Eth or Protocol Collateral
Eligible parties	Protocol users under Liquity V1 redemption mechanics.
Retail access	Protocol Based
Institutional access	Protocol Based
Minimum amount	Protocol-specific.
Fee	Protocol-specific.
Settlement time	Protocol-specific.
Regional limits	Protocol access, frontends, and current V1/V2 context require documented review.

Current status: Protocol Based
Settlement asset: Eth or Protocol Collateral
Eligible parties: Protocol users under Liquity V1 redemption mechanics.
Retail access: Protocol Based
Institutional access: Protocol Based
Minimum amount: Protocol-specific.
Fee: Protocol-specific.
Settlement time: Protocol-specific.
Regional limits: Protocol access, frontends, and current V1/V2 context require documented review.

Reserve and attestation history

Date	Publisher	Type	Assets covered	Record confidence
2026-06-02	Liquity	Protocol Disclosure	Eth Collateral, Protocol Mechanism, Not yet recorded	Medium
2026-06-08	Liquity	Protocol Documentation Reference	Eth Collateral, Protocol Context, Not yet recorded	Medium

Liquity

2026-06-02

Type: Protocol Disclosure
Assets covered: Eth Collateral, Protocol Mechanism, Public information incomplete
Record confidence: Medium

Liquity

2026-06-08

Type: Protocol Documentation Reference
Assets covered: Eth Collateral, Protocol Context, Public information incomplete
Record confidence: Medium

Deployments and legal context

Network state, contract identity, legal notices, and value states remain separate.

Blockchain deployments

Network	Network record state	Standard	Public deployment category	Canonical deployment type	Operational state	Recorded status	Change or proposal state	Canonicality	Canonicality record state	Verification state	Contract identity state	Contract or identifier	Freeze	Blacklist	Control events	Notes
Ethereum	Specific network recorded	Not yet recorded	Protocol-native or protocol-supported deployment	Protocol Token	Active	Active or Legacy Context	No separate change state recorded	Native deployment	Canonicality recorded	Verified	Identifier recorded	0x5f98805A4E8be255a32880FDeC7F6728C6568bA0	Not yet recorded	Not yet recorded	0	Ethereum LUSD token contract confirmed from Liquity V1 documentation and official protocol materials.

Regulatory and official notices

Date	Title	Authority / publisher	Type	Summary
No regulatory notes have been added yet.

No regulatory notes have been added yet.

Evidence

Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.

1 source identity · 2 evidence relations
Source	Publisher	Source category	Provenance	Primary or secondary	Supported claims	Archive	Reliability
Liquity documentation for LUSD Published Not yet recorded	Liquity	Official statement or announcement Canonical: Issuer Statement	Subject-controlled source	Primary source	Entity Collateral Redemption, Lusd Protocol Lifecycle Context	No archive recorded	Medium

Known unknowns

Known unknowns and coverage

Missing or disputed facts remain visible instead of being converted into certainty.

Open questions

Topic	What remains unclear	Value state	Priority	Last checked
V1 V2 Lifecycle	LUSD V1, Liquity V2, BOLD, current frontend access, and protocol redemption mechanics need deeper documented review.	Unknown after review	Medium	2026-06-02

V1 V2 Lifecycle

LUSD V1, Liquity V2, BOLD, current frontend access, and protocol redemption mechanics need deeper documented review.

Value state: Unknown after review
Priority: Medium
Last checked: 2026-06-02

Lifecycle

History

Current classification remains separate from dated changes and incidents.

Model and lifecycle changes

2021-04-05Liquity V1 launches with LUSDMigration

Event timeline

Date	Event	Category	Subtype	Status effect	Recovery
2021-04-05	Liquity V1 launches with LUSD	Launch and introduction	Protocol Launch or Lifecycle Context	No lifecycle change	Not applicable

Related records and corrections

Corrections and further reading

Open connected records, methodology, machine-readable data, or report a correction.