Alternity Protocol

Altenity is a decentralized lending protocol that draws inspiration from the design of the Liquity protocol. This protocol offers users a stable coin pegged to the Chinese yuan, which is achieved by using ETH as the required collateral. Loans are repaid in LCNY (a stable coin pegged to the yuan), and a minimum collateral ratio of 110% must be maintained. Alternity is aimed at catering to users who value diversity and are seeking an alternative to stable coins pegged to the US dollar.