# 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.