TLDR

• Auto-Distributed, Yield-Bearing Stablecoin

  $DUSD is a fully yield-bearing stablecoin designed to deliver competitive returns. With real yield generated from staking and futures funding fees, rewards are auto-distributed directly to users’ wallets—no staking required.

• Fully Collateralized and Secure

  Backed by market-neutral assets with fully hedged risks and no leverage, $DUSD ensures unmatched stability and security. A custodian solution and reserve fund further enhance trust and transparency for users.

• Seamless DeFi Integration

  Users can mint $DUSD using $USDT and start earning rewards by simply holding it. Without the need for staking, $DUSD provides effortless yield while maintaining full utility across various DeFi applications, making it a key piece of stablecoin infrastructure for the broader ecosystem.

DUSD Overview

DUSD is a native yield bearing stablecoin designed to provide users with a stablecoin that offers competitive returns. Users can mint DUSD using USDT to earn yield while holding stablecoins.

The concept of DUSD is straightforward: we help users to generate returns from USDT and then redistribute these returns back to DUSD holders. Currently, yields come primarily from two sources: staking of spot assets and funding fee of short futures positions.

Our approach emphasizes “real yield” rather than artificially created returns from issuing new tokens. If you’re also tired of Ponzi-like schemes, DUSD offers a sustainable alternative. Looking forward, we will actively seek more suitable opportunities to diversify protocol yield sources and keep optimizing the risk-return profile.

In terms of security, we have implemented a custodian solution for assets to avoid any exchange counterparty risk. Additionally, DUSD is backed by market-neutral assets to ensure the value of its assets, and we have established a reserve fund to hedge against potential losses in backing assets.

As a DUSD holder, users can directly earn returns without the need of staking or other actions. We believe this is a key design for a yield-bearing stablecoin. Most products on the market cannot simultaneously satisfy these two requirements; users either stake their stablecoins to earn returns or forfeit returns to apply them in other use cases.

In the DUSD case, our system will record the amount of DUSD at each address to distribute rewards accordingly while continuously developing use cases so that users can enjoy returns while retaining the liquidity and usability of stablecoins.

Traditional financial institutions cannot issue currencies; although there are instruments like commercial papers, their liquidity and use cases cannot compare to that of currencies. Therefore, allowing users to simultaneously gain the liquidity and yield attributes of stablecoins is a unique advantage of crypto projects.