Total supply
999,536,783 PYQ
Max. supply
999,536,783 PYQ
PolyQuity (PYQ)
$ 0.00
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Key data
updated $0Market cap$0
Volume 24h$0
PolyQuity (PYQ) is a decentralized borrowing protocol built on the Polygon network. It allows users to take out loans in stablecoins by collateralizing their crypto assets. The system is designed to maintain stability through over-collateralization and liquidation mechanisms.
Frequently asked questions
What is PolyQuity and how does it differ from other DeFi platforms?
PolyQuity is specifically focused on borrowing and lending with crypto collateral, unlike general DeFi platforms. It operates on Polygon for lower fees compared to Ethereum mainnet.
How does the PolyQuity borrowing system work technically?
Users deposit crypto assets as collateral to mint the protocol's stablecoin (PUSD). The system uses price oracles to monitor collateral ratios and triggers liquidations if the value drops too low.
How is PYQ token's supply controlled?
PYQ has a fixed maximum supply. New tokens are only minted as rewards for liquidity providers and participants in governance.
How can I store and use PYQ tokens?
PYQ is an ERC-20 token compatible with any Polygon-supporting wallet like MetaMask. It's used for governance voting and earns protocol fees.