> For the complete documentation index, see [llms.txt](https://docs.hliquity.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.hliquity.org/official-hliquity-documentation.md).

# Official HLiquity Documentation

## Summary

HLiquity is a decentralized borrowing protocol allowing users to take out interest-free loans using HBAR as collateral. These loans are paid out in HCHF, a stablecoin pegged to the Swiss Franc (CHF), a currency recognized for its reliability and strength, and require a minimum collateral ratio of 110%.

The security of loans is enhanced through a Stability Pool containing HCHF, providing a safeguard to maintain the  necessary collateral levels. Additionally, the collective backing by borrowers serves a comprehensive safety mechanism.

To explore the protocol's functionalities in detail, we encourage you to review the following comprehensive documentation.

**HLiquity operates as a non-custodial, immutable, and governance-free protocol.**

<figure><img src="/files/kzYIFu1agPgIvkkcgBWP" alt=""><figcaption><p><strong>HLiquity</strong> refers to the Liquity protocol forked on Hedera</p></figcaption></figure>

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[Overview](/overview/overview.md)
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[Deep Dive](/deep-dive/borrowing.md)
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[Fundamentals](/fundamentals/hlqt-tokenomics.md)
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[Documentation](/documentation/links.md)
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