Unitus Introduces sUSX as Collateral: unlock the full potential of the dForce ecosystem!
sUSX represents a groundbreaking solution in the DeFi space, enabling the holders of USX, the decentralized stablecoin of the dForce ecosystem, to mint and earn native yield across multiple blockchain networks. Currently offering a 15% APY coming from several RWA as well as DeFi strategies, on top of dForce’s ongoing “Arbitrum Summer Vibes campaign”, sUSX has an enormous untapped potential for everyone who wants to earn yiled while relying on a stablecoin.
At Unitus, we are proud to announce that we are integrating sUSX as collateral on Ethereum, Arbitrum, Optimism, Base, and BNB Chain on Thursday July 4th, 2024, enabling looping strategies and unlocking capital efficiency for our users. Keep reading to learn more about our latest initiative!
USX becomes the first ever Native Yield-bearing Omni Stablecoin with sUSX!
Just launched in June 2024, sUSX is the savings version of USX, the decentralized stablecoin of the dForce ecosystem. sUSX is the only stablecoin that allows users to mint it and start earning native yield on any supported chain. The yield is synchronized across all chains, providing users with the freedom to choose where to adopt sUSX. This innovative approach not only enhances liquidity but also democratizes access, allowing users from diverse blockchain ecosystems to engage with sUSX without barriers.
DeFi and RWA for a 15% Yield
Unlike traditional financial systems where interest distribution is often centralized and opaque, sUSX leverages DeFi and RWA to ensure transparent and sustainable yield generation. The yield for sUSX holders has currently been set at 15% APY by the governance, and it is funded through a diverse array of DeFi and RWA strategies, namely:
- Lending: Protocol Fees (Reserve)
- Vault: Minting Fees
- LSR: Redemption Fees
- POO: DeFi Rewards
- Other Strategies
Unitus users to Unlock Capital Efficiency and get rewarded in $ARB for the “Arbitrum Summer Vibes” campaign!
Following sDAI, sUSX is the second yield-bearing stablecoin onboarded to Unitus.
With sUSX enabled as collateral on all supported chains, users can:
- use their USX to mint sUSX
- supply and enable as collateral sUSX on Unitus
- borrow more USX
- Repeat the process, accessing new avenues for capital efficiency and leverage strategies.
This approach empowers users to maximize the potential of the dForce ecosystem, the ever-growing permissionless liquidity network we’re proudly part of.
☀️🏖 Moreover, supplying and borrowing both USX and sUSX is currently being rewarded in extra $ARB rewards as part of the dForce’s “Arbitrum Summer Vibes” campaign. The campaign has already started and is set to end on September 19th, with the exact distribution of $ARB beign shared on a weekly basis on our social media channels and on dForce Forum. Click here to see the distribution relative for the week going from July 4th-11th.
Conclusion
The introduction of sUSX as collateral on Unitus Lending is a major milestone for the dForce permissionless liquidity network, enhancing liquidity and empowering users to unlock the full potential of the decentralized stablecoin USX and its new savings version sUSX. As the DeFi landscape continues to evolve, sUSX is poised to play a crucial role in shaping the future of digital finance, and we couldn’t be more proud of onboarding it as collateral!
Stay tuned for the upcoming news and don’t miss out on the ongoing “Arbitrum Summer Vibes” incentives campaign!
