PolyQuity is a fork of the Liquity protocol on the Polygon network. PolyQuity shares the same features and benefits as the Liquity protocol. In addition, building on Liquitys concepts, we designed a new tokenomics to adapt to the Polygon network.
PYQ is the secondary token issued by PolyQuity. It captures system-generated fee revenue and incentivizes early adopters.

Core Features

Mint zero-interest rate stablecoin (PUSD) by staking Matic assets to improve capital utilization.
Minimum collateralization ratio of 110% - more efficient use of deposited Matic.
No Governance - all operations are algorithmic and fully automated, with protocol parameters set upon contract deployment.
Direct redeemability - PUSD can be redeemed at any time for its corresponding collateral at face value.
Fully Decentralized - the polyequity contract has no administrative keys and can be accessed through multiple interfaces hosted by different frontend operators, making it censorship-resistant.
Token (PYQ) holders can earn PUSD (borrowing fees), Matic (redemption fees), and PYQ (transfer fees).

Main Use Cases

Borrow PUSD against Matic by opening a Trove.
Secure polyequity by providing PUSD to the stability pool in exchange for rewards.
Hold PYQ to earn fee revenue paid for borrowing/redeeming PUSD and transferring PYQ.
Exchange PUSD for Matic at a 1:1 rate when the PUSD price falls below $1.