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  • About Autonomint
  • Autonomint
    • The Problem
    • Our Solution
    • Introducing USDA+
    • Earn high yields
    • Working of the Protocol
    • Stablecoin Emission & Borrowing
    • Stablecoin Peg stability
    • Stablecoin Re-deemability
    • dCDS
    • ABOND
    • Options
    • Liquidation Management
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      • 🖥️Connecting Testnet
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Introducing USDA+

PreviousOur SolutionNextEarn high yields

Last updated 16 days ago

USDA+ : A stablecoin which offers a utility not just yields

Ethereum ecosystem is in a dire need of a stablecoin mechanism that can multiply the on-chain usage of ETH. Users minting USDA+ will get the cheapest ETH hedge on the market. They can be rest assured that ETH volatility won't impact their portfolios while they take leverage in USDA+. The stablecoin is specially suited for option derivative traders and will bring excessive amount of derivative market on-chain. It allows the possibility of value accrual to a wide variety of ecosystem participants

  1. Solvers - Any intent based solvers can build a service to allow users to farm option fee spreads

  2. Frontends - Teams can build frontends to target geo specific users and display different option farming strategies and share revenue with the protocol

  3. Hedge Fund/Prop Desk - Derivative trading Hedge Funds who are focused on volatility trading through options can generate delta neutral consistent returns averaging 5% - 10% per month.

USDA+ is a fully on-chain stablecoin, backed entirely by ETH & LRTs. Users can mint and hold USDA+ while their collateral continues earning yield, with 100% of the yield passed to them.

USDA+ is omnichain and built on LayerZero OFT standard and will be available on Ethereum, Optimism, Mode, and Base networks initially.