PolyQuity

PolyQuity

Created using Figma
Created using Figma
PolyQuity provides a decentralized borrowing protocol with interest-free loans, high capital efficiency on Polygon network.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • Sushiswap (Polygon POS)
    PYQ/0X9AF3B7DC29D3C4B1A5731408B6A9656FA7AC3B72 6 months ago
    $ 0.0012
    -
    -
    -
  • Sushiswap (Polygon POS)
    PYQ/0X8F3CF7AD23CD3CADBD9735AFF958023239C6A063 8 months ago
    $ 0.7401
    -
    -
    -
  • Sushiswap (Polygon POS)
    PYQ/0XC48F61A288A08F1B80C2EDD74652E1276B6A168C 10 months ago
    $ 0.0273
    -
    -
    -
To be announced
Token Details
Ticker
PYQ
Total supply
996,232,134.450484
Token Distribution
65.2% to PolyQuity Community‌
25% to Team
9% to Top DeFi Community
0.8% marketing/bounties
Additional Details
Categories
Platform

About PolyQuity

PolyQuity is a fork of the Liquity protocol in the Polygon network. PolyQuity has the features and benefits consistent with the Liquity protocol. In addition, based on the concept of Liquity, we have designed a new tokenomics to adapt to the Polygon network.

Vision

In view of the perfect system and success of Liquity, we expect PolyQuity to be the next MakerDao in the Polygon network. With the growth of Polygon network, PUSD might become one of the important Stablecoin assets.

We hope that PolyQuity would become the fundamental financial infrastructure in Polygon network.

Core Feature

  • By staking Matic assets, Stablecoin (PUSD) of zero interest-fee is minted to improve capital utilization.
  • Minimum collateral ratio of 110% — more efficient usage of deposited Matic
  • Governance free — all operations are algorithmic and fully automated, and protocol parameters are set at time of contract deployment
  • Directly redeemable — PUSD can be redeemed at face value for the underlying collateral at any time
  • Fully decentralized — PolyQuity contracts have no admin keys and will be accessible via multiple interfaces hosted by different Frontend Operators, making it censorship resistant.
  • Token (PYQ) holders can earn PUSD (Borrowing fee), Matic (Redemption fee) and PYQ (Tranfer fee).

Main Use Cases

  1. Borrow PUSD against Matic by opening a Trove.
  2. Secure PolyQuity by providing PUSD to the Stability Pool in exchange for rewards.
  3. Stake PYQ to earn the fee revenue paid for borrowing/redeeming PUSD and transferring PYQ.
  4. Redeem 1 PUSD for 1 USD worth of Matic when the PUSD peg falls below $1

What is PUSD Stabecoin

PUSD is minted by staking Matic on Polygon network. PUSD is the USD-pegged stablecoin used to pay out loans on the PolyQuity protocol. At any time it can be redeemed against the underlying collateral at face value.

What is PYQ token

PYQ is the secondary token issued by PolyQuity. It captures the fee revenue that is generated by the system and incentivizes early adopters.

Activity

Followers:
2 598
MEDIUM
Tweets:
174
MEDIUM
30 Days Growth:
-9
Members:
926
LOW
30 Days Growth:
-51
$ 0.0002
0.32%
Crypto Stats
Daily, %:
0.32%
Weekly, %:
0.11%
Monthly, %:
-24.58%
Market Info
Market Cap:
Volume 24h:
$ 0.6999
Circ. Supply:
Ticker:
PYQ
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