Solayer Community

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

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

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 ##

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

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

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

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

9/ @OpenEden_Labs as launch partner

- OpenEden is the first & only Moody’s-rated tokenized RWA
- over 150M qualified institutional liquidity deployed via OpenEden on Ethereum
- OpenEden is joining forces to offer incentives for sUSD depositors

10/ read more here 

👉blog: solayer.org/resources/blog…
👉technical architecture: solayer.org/resources/blog…
👉docs: docs.solayer.org/susd/what-is-s…
👉how to deposit: 
👉audit report: docs.solayer.org/susd/protocol-…

go cypherpunk #⃣

note: sUSD product suite is not offered to any U.S. persons or other Restricted Jurisdictions. Please check app.solayer.org to read detailed Terms and Conditions.

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