What is USX?
USX is a fully collateralized neodollar built by Scroll that combines TradFi and DeFi to deliver stable rewards.
Unlike other stablecoins, USX will be private, gasless, and spendable in real life, possible only through Cloak (Scroll's privacy layer), chain-level customizations, and payment partners.
Core Components
USX is designed to provide the user with optimized yields. There are fundamentally 2 tokens: USX and sUSX (staked USX).
USX: Maintains a stable peg to the US dollar and is always redeemable 1:1 with USDC.
Staked USX (sUSX): A staked version of USX. Users who stake their USX will receive sUSX, which enables them to a share of protocol generated yield.
Yield Source Breakdown & Mechanism Design
Offchain market-neutral arbitrage: Hedge fund strategies such as basis trades, spot–futures, and cross-exchange arbitrage, uncorrelated to crypto markets.
Onchain delta-neutral strategies: Blend’s execution layer to amplify exposure across lending, yield-tranching, and liquidity provision while hedging risk.
Additionally, USX will be accepted as collateral on Honeypop (Scroll’s native money market), enabling looping for higher yields.
Please note that USX and sUSX each bear certain risks, given their complex nature. You should not mint or interact with these components if you are unfamiliar with cryptocurrencies or the risks involved. For our full risk disclosure statement, please refer to important legal disclosures and risk disclaimers.
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