Introducing USDA+
USDA+ : A stablecoin where users keep exposure to their crypto assets while also being protected from price drops.
Users minting USDA+ will get the cheapest token hedge on the market. They can be rest assured that token volatility won't impact their portfolios while they take loans 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
Solvers - Any intent based solvers can build a service to allow users to farm option fee spreads
Frontends - Teams can build frontends to target geo specific users and display different option farming strategies and share revenue with the protocol
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, BTC and other tokens. 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 Optimism and Base networks initially.
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