Liquid Loans is the first truly decentralized lending protocol built specifically and exclusively for PulseChain. Its operations are immutable, non-custodial, and governance-free. It is a finished product with no admin keys. The protocol was developed to allow owners of PulseChain (PLS) coins a method of extracting value from their holdings, without the need to ever sell. By locking up PLS and minting USDL (a USD pegged stablecoin), a PLS holder can take a 0% interest-free loan against their holdings, on a timeless repayment schedule.