# Interest bearing stablecoin

# Stable value and fully backed

1 XUSD = $1

$1 of stablecoin backs every XUSD
XUSD is an ERC20 token on the Avalanche C-chain

# Instantly fungible

Permissionless mint using any of supported stablecoins (USDC, DAI, USDT) with no slippage
Permissionless redemption for mix of supported stablecoins with no slippage and 0.5% redemption fee
Support on major DEX and CEX (coming soon).

Redemptions using the XUSD vault incur a 0.5% exit fee and the user doesn't get to pick which stablecoins they receive. Users can often avoid this fee by selling on a DEX or CEX instead.

# Supported stablecoins

Currently, XUSD supports these stablecoins:

USDC

Avalanche C-chain address: 0xb97ef9ef8734c71904d8002f8b6bc66dd9c48a6e

Avalanche-bridged USDC

Avalanche C-chain address: 0xa7d7079b0fead91f3e65f86e8915cb59c1a4c664

Avalanche-bridged DAI

Avalanche C-chain address: 0xd586e7f844cea2f87f50152665bcbc2c279d8d70

Avalanche-bridged USDT

Avalanche C-chain address: 0xc7198437980c041c805a1edcba50c1ce5db95118

# Automated stablecoin yield farming

The vault invests in ultra-low volatility, market neutral strategies
Extensible and configurable strategy set e.g. lending on Aave, stablecoin liquidity providing (curve.fi, Pangolin), and other DeFi strategies.
Rewards are claimed, collected, swapped, and reinvested automatically at least once per day via our automated keeper.

# Yield generation strategies

The active yield strategies and allocations are displayed here.
Aave lending stablecoins to Aave
Curve USDC/USDC.e Providing liquidity to the Curve.fi automated market making strategy for USDC/USDC.e (Avalanche-native USDC and Bridged USDC)
More coming soon

# Elastic supply

The amount of XUSD in all wallets increases when gains are realized
Yield distributed by supply rebasing, so that XUSD remains fully backed: 1 XUSD = $1 USD.

# Lowest barrier of entry for DeFi yields

SEC-qualified custodians can hold ERC20 tokens, but cannot give DeFi access
No self-custody/contract interactions are required to access DeFi yields via XUSD
Centralized exchanges and custody tools can support XUSD on behalf of users with minimal setup

# Initial launch on Avalanche C-Chain

Low gas fees (minting XUSD for around $5 for unlimited amount)
More than $100 billion of native and ethereum-bridge wrapped stablecoins
Strong incentive programs
Established DeFi protocols operating (Aave, curve.fi, Pangolin, and so many others)