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NUSD

NUSD is a synthetic dollar backed by a diversified portfolio of yield bearing crypto-native assets as well as optimised liquid basis positions.

Minting NUSD

Currently NUSD minting is via a permissioned process. NUSD is minted by depositing liquid assets, such as USDC, USDT or USDe, on 1:1 dollar value basis.

NUSD can also be bought on the secondary market via different liquidity venues.

Redeeming NUSD

Users can redeem NUSD for backing assets (USDC, USDT, or USDe) at a 1:1 USD value basis. Upon redemption, the protocol burns the corresponding NUSD tokens and transfers the equivalent value in the selected backing asset to the user. Currently NUSD redemptions are only opens to users who have completed relevant KYC procedures with the protocol.

Liquidity Management

The protocol employs a dynamic liquidity management system through the AssetReserve contract, optimizing between capital efficiency and redemption availability.

Instant Redemptions

The AssetReserve maintains a dynamically calibrated liquid buffer designed to serve immediate redemption requests. When the requested redemption amount falls within the available buffer capacity, transactions are processed instantly with no delays.

Queued Redemptions

For redemption requests exceeding the current liquid buffer:

The protocol generates a redemption request and adds it to the processing queue

All queued requests are fulfilled within a 48-hour processing window

The content on this page is for general informational and illustrative purposes only and does not constitute legal, tax, or investment advice. Information may be incomplete, outdated, or subject to change without notice. No reliance should be placed on the accuracy or completeness of any material presented. Past performance is not indicative of future results. Always consult your own legal, tax, and financial advisors before making any decisions.