InformationTVL

PolyQuity (PYQ)

Total Value Locked$95,724

TVL by Chain

Polygon$95,724

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

Competitors

Frankencoin ($31.58m)Overnight Finance ($21.16m)Angle ($19.33m)QiDao ($5.5m)mStable CDP ($3.23m)Parallel Protocol V2 ($1.53m)Preon Finance ($345,730)Iron Finance ($316,055)Davos Protocol ($125,145)xDollar ($121,624)