This protocol rug pulled user funds, their website is down.

InformationTVL

PolyQuity (PYQ)

Total Value Locked$107,273

TVL by Chain

Polygon$107,273

Key Metrics

$PYQ Price< $0.0001

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

Development Activity

Updated at Sep 4, 2023

Weekly commits3

Monthly commits19

Weekly developers2

Monthly developers2

Last commit02/06/23 (2 years ago)

Competitors

Angle ($32.24m)Overnight Finance ($20.72m)QiDao ($9.02m)Parallel Protocol ($3.77m)mStable CDP ($2.9m)Preon Finance ($606,411)Iron Finance ($316,236)Davos Protocol ($188,216)xDollar ($163,146)GotchiVault ($66,537)