⌘K

PolyQuity (PYQ)

Total Value Locked$135,318

Chain Breakdown
Polygon	$135.32k

USD MATIC

Information

Protocol Information

PolyQuity is a decentralized borrowing protocol that allows you to draw interest-free loans against Matic used as collateral. Loans are paid out in PUSD (a USD pegged stablecoin) and need to maintain a minimum collateral ratio of 110%. In addition to the collateral, the loans are secured by a Stability Pool containing PUSD and by fellow borrowers collectively acting as guarantors of last resort. Learn more about these mechanisms in our documentation.

Category: CDP

Forked from:Liquity

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Token Information

Address:polygon:...aD5a66

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Methodology

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Competitors

Overnight USD+ ($91.13m)Angle ($34.94m)QiDao ($17.15m)Parallel Protocol ($15.63m)Preon Finance ($3.9m)MakerDAO ($5.1b)lisUSD ($551.76m)Avalon USDa ($477.93m)JustStables ($452.28m)Liquity ($419.9m)