# Base

![](https://424204022-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FJJkJr09WgXT5H1zLQa4z%2Fuploads%2FV7CnH2RT3K03MhiokdDH%2Fliquid-loans-logo-final-low-res.png?alt=media\&token=25c22e97-d68f-46ad-a879-500a4c1a2706)

### Explained (in 4-Minutes)

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**Don't miss this!**  Watch our animated explainer video here:
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### The Protocol

Liquid Loans is a revolutionary decentralized lending and earning protocol live on Base. Its operations are immutable, non-custodial, and governance-free. It is a finished product with no admin keys.

The protocol was developed to give anyone who owns ETH a method of extracting value from their holdings, without the need to ever sell. By locking up ETH and minting USDL (a USD-pegged, fully backed decentralized over-collateralized stablecoin), ETH holders on Base can take a 0% interest-free loan against their holdings, on a timeless repayment schedule.

### Founders' Vision

“The purpose of Liquid Loans protocol is to support the creation, growth and adoption of a more secure, trustless, and decentralized financial infrastructure, that is community-owned, and brings greater stability and transparency to the crypto landscape.

The Liquid Loans development and support team aim to educate, inspire, create value, and make a real difference.”

### Connect With Us

Join our amazing community on [Telegram](https://t.me/liquidloans) and [Reddit](https://www.reddit.com/r/LiquidLoans/)

Get educated and be inspired on [YouTube](https://www.youtube.com/c/LiquidLoans) and [X](https://x.com/liquidloansio)

Learn more about Liquid Loans on the official website: <https://liquidloans.io/base/>

Use the Liquid Loans yourself on mainnet: <https://go.liquidloans.io/>

Try Liquid Loans yourself on the testnet: <https://testnet.liquidloans.io/>