# The pStability Protocol **pStability Protocol: Decentralized Borrowing on PulseChain**\ \ **pStability** is a decentralized borrowing protocol live on PulseChain. This protocol allows users to draw interest-free loans against **pDAI** used as collateral. Loans are paid out in **pSTABLE** (a USD-pegged stablecoin) and must maintain a minimum collateral ratio of 110%. In addition to the collateral, the loans are secured by a **Stability Pool** containing pSTABLE and by other borrowers collectively acting as guarantors of last resort. Learn more about these mechanisms in our documentation. pStability as a protocol is **non-custodial, immutable, and governance-free**. If you still have questions after browsing this documentation, please join our Telegram. pStability is part of the growing **PulseChain ecosystem**, supporting decentralized finance and the broader crypto community. Learn more about our protocol and its features here. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://pstability-1.gitbook.io/pstability-docs/the-pstability-protocol.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.