⌘K

PolyQuity (PYQ)

Total Value Locked$128,608

Chain Breakdown
Polygon	$128.61k

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+ ($165.73m)Angle ($33.13m)QiDao ($23.69m)Parallel Protocol ($15.27m)Preon Finance ($4.81m)MakerDAO ($5.25b)JustStables ($2.03b)Liquity ($447.19m)Avalon USDa ($420.7m)Thorchain Lending ($232.56m)