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Artem
@goodnession
1/ 29/10/2024, we unveil the Solayer USD (#sUSD) protocol the first RWA-backed synthetic stablecoin anyone with $5 can access tokenized real world assets, starting with U.S. Treasury Bill, now live on @Solana in partnership with @OpenEden_Labs > app.solayer.org
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Artem
@goodnession
2/ -- key launch details -- Epoch 5 officially opens on October 30th, 7am PST, 2pm UTC for sUSD mint > $20M cap > first $10k deposit earns 10x boost > additional OpenEden dual boost
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Artem
@goodnession
3/ the first principles 1. stablecoin, the most compelling PMF of crypto, should be untethered from traditional banking infrastructure 2. crypto must integrate the real world on-chain to go mainstream
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Artem
@goodnession
4/ we introduce #sUSD - a fully decentralized stablecoin that brings the real world on-chain to secure and bootstrap all on-chain and off-chain systems on Solana ## cypherpunk meets wallstreet ##
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Artem
@goodnession
5/ sUSD protocol is a non-custodial Request-For-Quote (RFQ) marketplace - only owners can create or destroy sUSD USDC deposits are created into quotes, and through our matching engine, is sent across different qualified RWA tokenizers then, sUSD is minted back to the users we term this LRT (Liquid RWA Token) stablecoin that plugs into a basket of tokenized RWA
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Artem
@goodnession
6/ sUSD democratizes access to Real World Assets for everyone with $5, you can access short-term U.S. Treasury Bill, and eventually other low-risk RWA, such as gold etc. the catch? It offers instant redemption back to USDC, making it versatile and user-friendly
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Artem
@goodnession
7/ sUSD natively earns 4.33% US Treasury Bill interest in USDC - no minting or staking required your balance increases over time, similar to earning interest in the bank made possible with SPL Token 2022 interest bearing extension for 1) perpetual 1:1 pegging 2) auto rebasing
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Artem
@goodnession
8/ finally, sUSD, similar to sSOL, secures the Open Internet sUSD, underpinned by real-world infrastructure, is designed as PoS collateral. It secures off-chain systems running parallel to Solana, such as bridges, oracles, and L2 networks
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