Quill USDQ (USDQ) Tokenomics
Quill USDQ (USDQ) Information
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.
Quill USDQ (USDQ) Tokenomics & Price Analysis
Explore key tokenomics and price data for Quill USDQ (USDQ), including market cap, supply details, FDV, and price history. Understand the token's current value and market position at a glance.
Quill USDQ (USDQ) Tokenomics: Key Metrics Explained and Use Cases
Understanding the tokenomics of Quill USDQ (USDQ) is essential for analyzing its long-term value, sustainability, and potential.
Key Metrics and How They Are Calculated:
Total Supply:
The maximum number of USDQ tokens that have been or will ever be created.
Circulating Supply:
The number of tokens currently available on the market and in public hands.
Max Supply:
The hard cap on how many USDQ tokens can exist in total.
FDV (Fully Diluted Valuation):
Calculated as current price × max supply, giving a projection of total market cap if all tokens are in circulation.
Inflation Rate:
Reflects how fast new tokens are introduced, affecting scarcity and long-term price movement.
Why Do These Metrics Matter for Traders?
High circulating supply = greater liquidity.
Limited max supply + low inflation = potential for long-term price appreciation.
Transparent token distribution = better trust in the project and lower risk of centralized control.
High FDV with low current market cap = possible overvaluation signals.
Now that you understand USDQ's tokenomics, explore USDQ token's live price!
USDQ Price Prediction
Want to know where USDQ might be heading? Our USDQ price prediction page combines market sentiment, historical trends, and technical indicators to provide a forward-looking view.
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Disclaimer
Tokenomics data on this page is from third-party sources. MEXC does not guarantee its accuracy. Please conduct thorough research before investing.