Ask about PolyQuity
Logo of PolyQuityPolyQuity(PYQ)
Total Value Locked$91,455.54

TVL by Chain

Polygon$91,455.54

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 ($10.05m)mStable CDP ($3.01m)QiDao ($2.21m)Angle ($1.96m)Parallel Protocol V2 ($498,720.26)Iron Finance ($315,773.76)xDollar ($222,691.7)Preon Finance ($202,780.38)GotchiVault ($33,947.28)Davos Protocol ($21,588.03)

Frequently Asked Questions

What is PolyQuity?

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.

What is PolyQuity's TVL?

PolyQuity currently has $91,455.54 in total value locked. TVL has decreased 0.1% 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 #82 by TVL. The category holds $7.846b across 192 protocols, and PolyQuity accounts for <0.1% of that total. Other leading protocols include Sky, USDD, and Lista DAO.