# Base ![](/files/WQl7D1a8Z7dQxTAyZefp) ### Explained (in 4-Minutes) {% hint style="success" %} **Don't miss this!** Watch our animated explainer video here: {% endhint %} {% embed url="" %} ### 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: Use the Liquid Loans yourself on mainnet: Try Liquid Loans yourself on the testnet: --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.liquidloans.io/base.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.