⌘K

PolyQuity (PYQ)

Total Value Locked$117,493

Chain Breakdown
Polygon	$117.49k

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

Audits

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Token Information

Address:0x5a3064...aD5a66

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Methodology

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Competitors

Overnight USD+ ($44.43m)Angle ($37.7m)QiDao ($19.23m)Parallel Protocol ($12.04m)mStable CDP ($3.12m)MakerDAO ($4.36b)JustStables ($1.67b)Liquity ($336.31m)lisUSD ($222.04m)Thorchain Lending ($168.39m)