Ask about PolyQuity

Logo of PolyQuityPolyQuity(PYQ)

Total Value Locked$93,935

TVL by Chain

Polygon$93,935

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.

GitHubX/Twitter
Category:CDP

Audits:

Methodology

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

Competitors

mStable CDP ($2.8m)QiDao ($2.28m)Angle ($1.81m)Parallel Protocol V2 ($516,171)Iron Finance ($315,781)Preon Finance ($243,211)xDollar ($166,741)Davos Protocol ($24,523)MahaDAO Arth ($20,102)LaDAO Xocolatl ($13,598)

Frequently Asked Questions

What is PolyQuity's TVL?

PolyQuity currently has $93,935 in total value locked. TVL has increased 0.5% 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 #86 by TVL. The category holds $8.197b across 198 protocols, and PolyQuity accounts for <0.1% of that total. Other leading protocols include mStable CDP, QiDao, Angle, Parallel Protocol V2, Iron Finance, Preon Finance, xDollar, Davos Protocol, MahaDAO Arth, and LaDAO Xocolatl.