💲USDP
$USDP is a decentralized stablecoin designed to maintain a 1:1 peg with the US dollar.
Key Features of USDP
1. Decentralized & Overcollateralized
Backed by crypto assets (e.g., WETH, PENGU) locked in smart contracts.
Minimum collateralization ratio: 150% (e.g., $1,500 in WETH to mint $1,000 USDP).
2. Stability Mechanisms
Dynamic Stability Fees: Adjustable interest rates (set by governance) to control supply/demand.
Truck Savings Rate (TSR): Earn yield by staking USDP (like a savings account).
Algorithmic Liquidations: Undercollateralized positions are auto-liquidated to maintain solvency.
3. Layer 2 Native
Built on Abstract for:
Near-zero gas fees (cents vs. dollars on Ethereum L1).
Instant settlements (liquidations in seconds, not minutes).
Why Use USDP?
Decentralized Finance (DeFi):
Borrow against crypto without selling.
Use USDP for trading, lending, or payments.
Stability:
Peg maintained by algorithms (not centralized reserves).
yields:
Keep your exposure on volatile tokens farming stable yields
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