⌘K

PolyQuity (PYQ)

Total Value Locked$124,982

Chain Breakdown
Polygon	$124.98k

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+ ($71.42m)Angle ($40.2m)QiDao ($19.03m)Parallel Protocol ($12.46m)mStable CDP ($3.11m)MakerDAO ($4.21b)JustStables ($1.53b)Liquity ($329.7m)lisUSD ($187.92m)Thorchain Lending ($165.86m)