High Yield USD $HYUSD

High Yield USD is a decentralized stablecoin offering convenient access to DeFi yields, with an aim to counter inflation through low-risk, high-return financial strategies. By enabling holders to earn passive income on their capital, this project offers a unique blend of stability and yield opportunities in an increasingly volatile market.

Unique Features of High Yield USD

Initial Pegging to USD

The value of the High Yield USD token will be initially pegged to $1 USD, offering a sense of stability to the holders.

Transparent Reserves

High Yield USD maintains proof of reserves 24/7 on-chain. This level of transparency and auditability builds trust and confidence among investors and participants.

1:1 Backing with a Diversified Basket of Assets

High Yield USD is backed 1:1 by a diverse portfolio of yield-bearing, dollar-denominated assets. This includes esteemed DeFi protocols like fUSDC, fDAI, Convex/Curve MIM+3CRV pool, and the Convex/Curve eUSD+FRAXBP pool.

Censorship Resistance

With a firm commitment to decentralization, High Yield USD uses derivative assets, also known as "receipt tokens", from the top-performing and proven DeFi protocols, ensuring censorship resistance.

Community Governance and Over-Collateralization

This project is not only over-collateralized but also governed by the community in a fully decentralized way, further emphasizing its commitment to decentralized finance.

History of High Yield USD

High Yield USD launched on April 22, 2023, and has been offering its unique blend of stability and yield to its holders since then.

Token Utility

The High Yield USD token serves multiple purposes for its holders. Apart from the stability provided by pegging to USD, it also offers a passive income to its holders. Simply holding hyUSD in their wallet enables users to earn passive income on their capital. Moreover, holders also gain exposure to DeFi through the underlying diversified basket of assets.