Liquity, established by Robert Lauko in 2019, is a protocol that operates on a non-custodial and governance-free basis. It provides users with the ability to obtain Liquity loans, which come with unique features. These loans are disbursed in LUSD, a stablecoin pegged to the USD, and are additionally secured by a stability pool and fellow borrowers who act as guarantors. For developers, Liquity offers an API that allows seamless integration of endpoints into their programs.