⌘K

PolyQuity (PYQ)

Total Value Locked$130,296

Chain Breakdown
Polygon	$130.3k

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+ ($166.01m)Angle ($33.19m)QiDao ($23.75m)Parallel Protocol ($15.33m)Preon Finance ($4.76m)MakerDAO ($5.27b)JustStables ($2.02b)Liquity ($448.24m)Avalon USDa ($425.34m)Thorchain Lending ($232.65m)