About sUSD
A receipt token of staked HLUSD
Last updated
A receipt token of staked HLUSD
Last updated
sUSD is stablehodl staked dollar within the StableHodl ecosystem, representing staked HLUSD, USDC, USDT - assets that are staked in Stablehodl.
This sUSD acts as a “receipt token” 1:1 to the amount that is being staked by a user. ( For example: User staked 1000 HLUSD = 1000 sUSD reflected on the wallet, in this scenario when a user “unstake” 500 HLUSD - 500 sUSD will be burned and user will receive 500 HLUSD)
Tracking: sUSD provides a Proof Of Receipt - for Stablehodl transactions, acting as the “receipt” with no price value.
Security: Backed by the HeLa Network’s modular Layer 1 architecture, ensuring robust scalability and decentralization.
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