Dear Community,
We have listed Liqueth (LQTH) on the CoinDCX Pro USDT Spot Market and have opened trading for LQTH/USDT market pairs.
What is Liqueth (LQTH)?
Liqueth (LQTH) is a bond-backed token generated in a 1:1 ratio for every Ethereum (ETH) staked through CoinDCX Pro for validators on ETH 2.0.
An equivalent amount of LQTH has been issued to all ETH 2.0 stakers on CoinDCX Pro, as well as all LQTH holders are entitled to daily rewards in ETH. Rewards are earned by validators set up with the staked ETH and vary based on network performance.
Once Beacon Chain withdrawal contracts are live, users will be able to redeem their LQTH tokens for ETH in a 1:1 ratio. In other words, holding LQTH is like buying ETH but with the added benefit of daily ETH rewards with 6-20% APY.
To learn more about LQTH and how it works, watch this YouTube Video.
Kindly Note: Price of LQTH can differ from ETH in open markets, even though each LQTH represents one staked ETH. This is because they are not the same asset, and price discovery between both of them happens differently depending completely on the market forces.
Disclaimer: Crypto trading is subject to high market risk. Please make your trades cautiously.
Happy Trading!
Team CoinDCX
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