PolyQuity
PYQ
PolyQuity (PYQ) Metrics
PolyQuity Price Chart Live
Price Chart
About PolyQuity
PolyQuity is an innovative decentralized borrowing protocol built on the Polygon blockchain, designed to offer capital-efficient, zero-interest loans collateralized by MATIC. Users can access these loans, which are paid out in PUSD, a Polygon-native decentralized stablecoin. PUSD maintains a soft peg to the US Dollar and is fully backed by MATIC, ensuring stability and reliability within the Polygon ecosystem. The core philosophy of PolyQuity centers around censorship resistance and immutability, aiming to provide a robust and highly available financial service without central intermediaries.
The protocol introduces several key mechanisms to achieve its objectives. Users can generate PUSD by opening a Vault, which involves depositing MATIC as collateral. This allows for immediate access to liquidity without incurring traditional interest charges. Furthermore, PolyQuity incorporates Stability Pools, where users can deposit PUSD to help liquidate undercollateralized Vaults. Contributors to these pools are rewarded with a portion of the liquidated MATIC collateral and newly minted PYQ tokens, creating an incentive structure that helps maintain the protocol's health and stability.
PYQ serves as the native governance and value accrual token of the PolyQuity ecosystem. Holders of PYQ can stake their tokens to earn a share of the revenue generated from borrowing fees and redemption fees within the protocol. This mechanism aligns the interests of PYQ holders with the long-term success and growth of the platform. The redemption function acts as a crucial peg-keeping mechanism for PUSD, allowing users to redeem PUSD for its equivalent value in MATIC, reinforcing its stability. Liquidations are triggered when a Vault's collateral ratio falls below a predefined threshold, typically 110%, ensuring the solvency of the system. PolyQuity represents a significant step towards creating more accessible and resilient decentralized finance solutions on Polygon, offering a unique approach to stablecoin generation and collateralized lending.
PolyQuity [PYQ] is a token based on Polygon blockchain. The most actual price for one PolyQuity [PYQ] is $0.000072. PolyQuity is listed on 1 exchanges with a sum of 1 active markets. The 24h volume of [PYQ] is $2.31, while the PolyQuity market cap is $0 which ranks it as #12448 of all cryptocurrencies. You can find more information about PolyQuity [PYQ] on app.polyquity.org
PYQ Markets
| # | Exchange | Pair | Volume (24h) | Price | Volume (%) | Category | Fee Type | Updated |
|---|---|---|---|---|---|---|---|---|
| 1 |  C | $2.31 | $0.000072 | 100.000000% | Spot | Percentage | 1 minute ago |
Trends Market Overview
#150
22.98%
#71
-15.94%
#15
1.75%
#735
no data
News All News
PolyQuity Basics
| Website | app.polyquity.org |
|---|
| Source code | github.com |
|---|---|
| Asset type | Token |
| Contract Address |
| Explorers (1) | polygonscan.com |
|---|
| Tags |
|
|---|
