Liquity protocol’s native token – LQTY – shot up by 108.36% after a listing announcement by crypto giant, Binance.

The decentralized borrowing protocol essentially enables users to draw 0% interest loans against Ether used as collateral. LUSD, which is a USD-pegged stablecoin, is used to pay out loans and needs to maintain a minimum collateral ratio of only 110%.

Binance announced listing LQTY in the Innovation Zone with two trading pairs – LQTY/BTC, and LQTY/USDT. The trading will commence on February 28th. Withdrawals, on the other hand, will open on March 1st.

Additionally, LQTY is also being added as a borrowable asset in the isolated margin account.