Ask about PolyQuity
Logo of PolyQuityPolyQuity(PYQ)
Total Value Locked$92,245

TVL by Chain

Polygon$92,245

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.

Category:CDP

Audits:

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Methodology

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

Competitors

Overnight Finance ($10.08m)mStable CDP ($3.01m)QiDao ($2.54m)Angle ($1.99m)Parallel Protocol V2 ($521,187)Iron Finance ($315,639)Preon Finance ($193,322)xDollar ($54,926)GotchiVault ($33,947)Davos Protocol ($22,811)