PolyQuoty is a branch of the Liquid protocol in the Polygon network. PolyQuoty has the same characteristics and advantages as the Liquid protocol. In addition, based on the concept of Liquid, we have designed a new token omics to adapt to Polygon networks.PYQ is a secondary token issued by PolyQuit. It captures the cost revenue generated by the system and motivates early adopters.Core FeaturesBy investing in Matic assets and creating a Stablecoin (PUSD) with zero interest expenses, we aim to improve capital utilization.The minimum collateral ratio is 110% - using Matic deposits more effectively.No governance - all operations are algorithmic and fully automated, and protocol parameters are set during contract deployment.Directly redeemable - The US dollar can redeem the relevant collateral at face value at any time.Completely decentralized - Polyequity contracts do not have management keys and can be accessed through multiple interfaces hosted by different front-end operators, making them resistant to censorship.Token (PYQ) holders can earn PUSD (borrowing fee), Matic (redemption fee), and PYQ (transfer fee).Main Use CasesBy opening Trove to borrow PUSD against Matic.Ensure the security of polyequity by providing PUSD to the stabilization pool in exchange for rewards.The fee income paid for holding PYQ to earn loans/redeem PUSD and transfer PYQ.When the US dollar exchange rate drops below 1 US dollar, exchange 1 US dollar for 1 US dollar for Matic.
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