USX becomes the first ever Native Yield-bearing Omni Stablecoin!
Stablecoins are pivotal to the cryptocurrency industry, offering value stability by pegging to fiat currencies. They serve as essential tools for storage and payment for users, while web3 institutions utilize them for various financial operations. This diverse demand has led to a thriving stablecoin market.
While Fiat-backed stablecoins have been standard for trading cryptocurrencies, users are now shifting their focus towards stablecoins that share yield natively on-chain with them. The the yield generation of DeFi instruments, and the tokenization of RWA such as treasuries and bonds, have quickly gained traction as financial giants entered the sector, with yield-bearing stablecoins becoming particularly attractive for users.
This sets the stage for the launch of sUSX to bring new opportunities and benefits to the DeFi landscape. Keep reading to enter sUSX, the saving version of the USX! sUSX is not just another stablecoin; it’s the first of its kind — native yield bearing Omni stablecoin that can be minted and withdrawn on all available blockchains. This groundbreaking feature sets sUSX apart, ensuring unparalleled accessibility and versatility for its users.
Yield Natively available on all chains!
Experience native yield on any chain! sUSX introduces a groundbreaking solution, enabling users to seamlessly mint and earn native yield across multiple blockchain networks. This innovation breaks down the silos that often constrain digital assets within single networks.
Specifically, sUSX is the only stablecoin offering the possibility for users to mint it and start earning native yield on ANY supported chain. The yield is synchronized across all chains, giving users complete flexibility to choose where to adopt sUSX!
This innovative move not only enhances liquidity but also democratizes access, allowing users from diverse blockchain ecosystems to engage with sUSX without barriers.
Yield Distribution: A New Era of Passive Income
sUSX holders are on the brink of experiencing a new era of passive income as the stablecoin prepares to distribute yield to its holders. Unlike traditional financial systems where interest distribution might be centralized and opaque, sUSX leverages the power of DeFi to ensure transparent and sustainable yield generation. The yield for sUSX holders is funded through a diverse array of strategies, each contributing to the stability and growth of the ecosystem.
1. Lending: Protocol Fees (Reserve)
One of the cornerstones of sUSX’s yield generation is the Unitus lending protocol: sUSX accrues protocol fees that are channeled into a reserve. This reserve acts as a safety net and a source of yield, ensuring that sUSX holders benefit from the interest generated through lending activities.
2. Vault: Minting Fees
As with any lending and borrowing protocol, users can lend and mint USX against other crypto assets by paying a small interest. This interest is accumulated by the protocol and redistributed to sUSX holders. This mechanism not only incentivizes the use of sUSX but also creates a steady stream of income for its holders, enhancing the overall value proposition of the stablecoin.
3. LSR: Redemption Fees
Redemption fees are applied when users convert USX back to its underlying assets (USDT, USDC, DAI). This is another source of yield collected by our treasury and redistributed to USX holders who stake USX to receive sUSX.
4. POO: DeFi Rewards
POO, also known as Protocol Owned Operation, leverages protocol-controlled assets to facilitate market operations within the broader DeFi ecosystem, generating revenue for dForce and USX holders. This may include providing liquidity for dForce-backed assets on DEXes, borrowing other assets from dForce, and providing liquidity to other protocols (such as LSD operators to earn staking yields), among other activities.
5. Other Strategies
DeFi is limitless. sUSX yield will also benefit from RWA and other kinds of strategies!
RWA strategies will focus on providing dForce and USX holders with sustainable and reliable yields backed by traditional asset classes (such as treasury bills).
Other strategies may include spot-perpetual funding arbitrage, stablecoin farming, delta-neutral strategies, and more.
The Future of Stablecoins is Here!
With its Omni Native capabilities and innovative yield distribution model, sUSX is set to revolutionize the dForce ecosystem while becoming a cornerstone of the decentralized financial system. sUSX will soon offer a stable, secure, and highly versatile asset that caters to the needs of DeFi enthusiasts, traders, and investors alike.
Whether you are a seasoned DeFi participant or a newcomer looking for a reliable and rewarding stablecoin, sUSX offers a promising horizon of possibilities. Stay tuned for the following announcements around its launch and get ready to embrace the future with sUSX, the first Omni Decentralized Stablecoin!
