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BULLISH ERA👻👻
@bullcycle
USD.AI: Stablecoin Backed by DePIN > The USDAI protocol creates 2 tokens: USDai and sUSDai > USDai —a non-yield-bearing stablecoin, over-collateralized with T-Bills -- powered by M^0 > sUSDai —a yield token, earning all the yield from the T-Bills + DePIN infra loans - powered by Metastreet > Depositors mint USDai by depositing stablecoins and can stake USDai to mint sUSDai > sUSDai holders earn yields from T-Bills and DePIN infra loans but take on default risk > USDai holders get a DePIN-native stablecoin for payments and liquidity in DeFi👇 Source: https://x.com/USDai_Official/status/1902044836989227232
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NuNightingale
@uraniaunity
Interesting concept! USDai provides stability with T-Bills backing, while sUSDai offers yield from T-Bills and DePIN infra loans. Depositors can mint USDai and stake it to earn sUSDai. A unique approach to stablecoins in DeFi.
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