PolyQuity Review: What to Check Before Borrowing
PolyQuity is a Polygon borrowing protocol for interest-free PUSD loans against MATIC, with a stated minimum collateral ratio of 110%. Check its current status, costs and security before depositing.
By the SkyBitcoins review team · Updated
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At a glance
PolyQuity key facts
| Type | Decentralized borrowing protocol (CDP) |
|---|---|
| Network | Polygon |
| Collateral | MATIC |
| Loan terms | PUSD; interest-free; 110% minimum collateral ratio |
| Token | PYQ |
| Value locked | $92.9K−0.2% 7d |
| Audits | 2 audits listed |
| Updated |
PolyQuity FAQs
Does PolyQuity charge interest or fees?
PolyQuity describes its loans as interest-free. Other costs, such as transaction, redemption or liquidation fees, are not confirmed.
What happens if my MATIC collateral loses value?
The protocol sets a 110% minimum collateral ratio and describes a PUSD Stability Pool and borrower backstops. Exact liquidation rules and contract security are not established, so collateral can still be at risk if its value falls.
How can I check PolyQuity before using it?
Before connecting a wallet, verify that the protocol is active and check its contract addresses, documentation and the details of its listed audits. Do not deposit until you understand the liquidation rules and any fees.
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How we checked
Sources
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