Quill USDQ Price (USDQ)

Price of Quill USDQ (USDQ) Today

The live price of Quill USDQ (USDQ) today is 0.998867 USD. It has a current market cap of $ 224.15K USD. USDQ to USD price is updated in real-time.
Key Quill USDQ Market Performance:
- 24-hour trading volume is -- USD
- Quill USDQ price change within the day is --
- It has a circulating supply of 224.40K USD

Get real-time price updates of the USDQ to USD price on MEXC. Stay informed with the latest data and market analysis. It is essential for making smart trading decisions in the fast-paced cryptocurrency market. MEXC is your go-to platform for accurate USDQ price information.

Quill USDQ (USDQ) Price Performance in USD

During today, the price change of Quill USDQ to USD was $ 0.
In the past 30 days, the price change of Quill USDQ to USD was $ 0.
In the past 60 days, the price change of Quill USDQ to USD was $ 0.
In the past 90 days, the price change of Quill USDQ to USD was $ 0.

Quill USDQ (USDQ) Price Analysis

Discover the latest price analysis of Quill USDQ: 24h Low & High, ATH and daily changes:

Quill USDQ (USDQ) Market Information

Dive into the market statistics: market cap, 24h volume, and supply:

What is Quill USDQ (USDQ)

Quill Finance is a decentralized borrowing protocol operating on Scroll, an Ethereum zk-rollup network. The protocol is a fork of Liquity V2 that enables users to mint USDQ, an over-collateralized stablecoin pegged to the US dollar, by depositing collateral assets including wrapped Ethereum (wETH), wrapped staked Ethereum (wstETH), Ether-Fi staked Ethereum (weETH), and Scroll's native token (SCR). The protocol operates through a collateralized debt position (CDP) model where users deposit assets into "Troves" to mint USDQ against their collateral. Unlike traditional lending protocols with fixed interest rates, Quill allows borrowers to set their own interest rates within protocol boundaries (6-100% at this time), creating a market-driven system where higher rates reduce redemption risk. USDQ maintains its USD peg through algorithmic mechanisms and direct redemption capabilities, allowing users to redeem USDQ for underlying collateral at face value. The protocol operates without intermediaries, using smart contracts to manage all borrowing, liquidation, and redemption processes automatically. Quill is governed by its native token QUILL, which enables holders to participate in protocol governance decisions including parameter adjustments and fee structures. The protocol leverages Scroll's zk-rollup technology to provide faster transaction speeds and lower costs compared to Ethereum mainnet while maintaining security through zero-knowledge proofs. The protocol serves multiple use cases including accessing liquidity without selling assets, leveraging positions on collateral, and providing USDQ to stability pools to earn rewards. By combining Liquity V2's proven mechanisms with Scroll's scalability and expanded collateral options, Quill aims to provide efficient, decentralized borrowing infrastructure for the DeFi ecosystem.

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