Łukasiewicz three-valued logic Ł3 is often understood as the set of all 3-valued valid formulas according to Łukasiewicz’s 3-valued matrices. Following Wojcicki, in addition, we shall consider two alternative interpretations of Ł3: “well-determined” Ł3a and “truth-preserving” Ł3b defined by two different consequence relations on the 3-valued matrices. The aim of this paper is to provide dual equivalent two-valued under-determined and over-determined interpretations for Ł3, Ł3a and Ł3b. The logic Ł3 is axiomatized as an extension of Routley and Meyer’s basic positive (...) logic following Brady’s strategy for axiomatizing many-valued logics by employing two-valued under-determined or over-determined interpretations. Finally, it is proved that “well determined” Łukasiewicz logics are paraconsistent. (shrink)