Logo of PolyQuityPolyQuity(PYQ)
Total Value Locked$94,763.31

TVL by Chain

Polygon$94,763.31

Key Metrics

$PYQ Liquidity$12,923

SushiSwap$12,923

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.

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Category:CDP

Audits:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Competitors

Overnight Finance ($10.03m)mStable CDP ($3.01m)QiDao ($2.71m)Angle ($2.01m)Parallel Protocol V2 ($637,576.32)Iron Finance ($315,935.55)Preon Finance ($251,635.41)xDollar ($212,699.4)Davos Protocol ($25,168.69)MahaDAO Arth ($20,194.14)

Frequently Asked Questions

What is PolyQuity's TVL?

PolyQuity currently has $94,763.31 in total value locked. TVL has increased 4% over the past 30 days.

What chains does PolyQuity operate on?

PolyQuity operates on Polygon. Polygon holds the largest share at 100%.

How does PolyQuity's TVL compare to similar protocols?

Among CDP protocols tracked by DefiLlama, PolyQuity ranks #91 by TVL. The category holds $7.994b across 203 protocols, and PolyQuity accounts for <0.1% of that total. Other leading protocols include Overnight Finance, mStable CDP, QiDao, Angle, Parallel Protocol V2, Iron Finance, Preon Finance, xDollar, Davos Protocol, and MahaDAO Arth.