PolyQuity is a fork of the Liquity protocol in the Polygon network. PolyQuity has the same features and benefits as the Liquity protocol. Furthermore, based on the concept of Liquity, we design a new tokenomics to fit the Polygon network.
PYQ is a secondary token issued by PolyQuit. It captures fee revenue generated by the system and incentivizes early adopters.

Core Features

By investing in Matic assets, create a Stablecoin (PUSD) with zero interest expenses to improve capital utilization.
Minimum Collateral Ratio of 110% - Matic for more efficient use of deposits.
No governance — all operations are algorithmic and fully automated, protocol parameters are set at contract deployment time.
Direct Redeemability - USD can be redeemed at face value for the underlying collateral at any time.
Fully decentralized - polyequity contracts have no management keys and are accessible through multiple interfaces hosted by different front-end operators, which makes it censorship resistant.
Token (PYQ) holders can earn PUSD (borrowing fee), Matic (redemption fee) and PYQ (transfer fee).

Primary Use Case

By opening Trove, borrow PUSD against Matic.
Secure polyequity by providing PUSD to a stable pool in exchange for rewards.
Hold PYQ to earn fee income for borrowing/redempting PUSD and transferring PYQ.
Exchange 1 USD for 1 USD Matic when the USD rate drops below 1 USD.