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Easily convert LQTY to COMP with ConvertOnline's efficient tool.
Liquity (LQTY) is a decentralized borrowing protocol that allows users to obtain loans using Ethereum as collateral. It enables users to generate a stablecoin called LUSD, which is pegged to the US dollar, facilitating seamless liquidity without the need for intermediaries.
Compound (COMP) is a decentralized finance (DeFi) protocol that allows users to lend and borrow cryptocurrencies in a trustless manner. By utilizing smart contracts on the Ethereum blockchain, Compound enables users to earn interest on their crypto assets or take out loans against them without the need for traditional intermediaries.