# 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="https://1282719831-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FdOugjUxmY2aYPyUtqNtg%2Fuploads%2F1T4uSv0vZ2eWC6CUekSy%2Fgrafik.jpg?alt=media&#x26;token=e69001cd-686b-4bdc-9203-7956e1d21773" alt=""><figcaption><p><strong>HLiquity</strong> refers to the Liquity protocol forked on Hedera</p></figcaption></figure>

{% content-ref url="overview" %}
[overview](https://docs.hliquity.org/overview)
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{% content-ref url="deep-dive" %}
[deep-dive](https://docs.hliquity.org/deep-dive)
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{% content-ref url="fundamentals" %}
[fundamentals](https://docs.hliquity.org/fundamentals)
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[documentation](https://docs.hliquity.org/documentation)
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