USD+
A risk-minimised USDC-pegged crypto asset backed by an underlying basket of USD stablecoins
USD+ is the main token of the protocol, ERC20. It’s a rebase token, fully collateralized with assets that can be instantly converted into USDC.
A rebase token can experience Profit (positive rebase) when the collateral value exceeds 100% and Loss (negative rebase) when the collateral value falls below 100%. Please note that you assume the risk of all protocols in the USD+ Collateral. Profit payouts occur through daily rebasing, providing transparent balance and P/L visibility.
The pegging mechanism is based on the ‘NAV of 1’ policy (“Net Asset Value”), i.e. market value of assets equals the amount of USD+ in circulation. This is achieved by:
- Conservative risk management aims to avoid daily losses by building a diversified portfolio of highly conservative DeFi Investments
- Daily distribution of profits in the form of a rebase to USD+ holders; all yield collected by the USD+ reserves are distributed to USD+ holders directly by increasing their wallet balance once a day
Use a liquidity index reflecting the current ratio of the number of issued USD+ tokens to the volume of assets on strategies (
Strategy
), expressed in USDC. Internally, balances are stored in RAY (usingWadRayMath
), which allows you not to worry about the accuracy of working with balances when mint / redeem / balanceOf. The liquidity index is adjusted when the payment process is started onExchange.payout()
on behalf ofExchange
. Access tomint()
andredeem()
is only available toExchange
.
The external function
exchange()
make it possible to get the current Exchange
address for making mint/redeem.Optimism
Arbitrum
ZkSync
Base
Linea
Binance
Polygon
Contract Name | Contract Address |
---|---|
USD+ | 0x236eeC6359fb44CCe8f97E99387aa7F8cd5cdE1f |
Exchange | 0x6B3712943A913EB9A22B71D4210DE6158c519970 |
Mark2Market | 0x33efB0868A6f12aEce19B451e0fcf62302Ec4A72 |
PortfolioManager | 0x6911F2e474D34a4cbBE9Fe56F909EA37DF15E649 |
Market | 0x4f1499185aBf3BcAb91a9B77DDC113f97bF0342C |
wUSD+ | 0x4e36D8006416EA1d939A0EeaE73AFDAcA86BD376 |
Last modified 1mo ago