Sperax USD (USDs)
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Sperax USD (USDs)
A yield bearing crypto-collateralized algorithmic stablecoin on the Arbitrum network
USDs is a hybrid crypto-collateralized and algorithmic stablecoin. It is highly scalable, trustless, and will be completely decentralized after the launch of the governance protocol.
- SPA is the governance and value accrual token of the Sperax ecosystem. It is central to the stability mechanism of USDs.
- USDs will further invest its collateral in other audited decentralized projects, like Curve, to generate yield and will pass on the yield to holders of USDs.
- USDs holders would directly earn the yield in their wallets. USDs acts as a cost-efficient and less risky way to benefit from DeFi.
USDs is live on Arbitrum, eventually building a system of interoperability to use USDs on other major blockchains.
Last modified 7d ago
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