Delta-neutral multi-strategy yield vault
USP is a yield vault backed by emerging market focused delta neutral yield strategies and curated by Morini Capital. USP was initially fully backed by USD Stables at 1:1 ratio, ensuring a stable launch value of $1.00 USD.
APY
14.86%
Price
$
Integrations
TVL
$ 5,214,998
Redemption period 2 days
Reserve Backing Distribution
| Rate | Crypto | Transactions | Transparency |
|---|---|---|---|
Chain
Ethereum
Max Capacity
500,000,000 USDC
Deposit Tokens
...
Share Token
...
Performance Fee
10.00%
Management Fee
0.00%
Redemption Fee
0.20%
Redemption Period
2 days
Rewards
PIKU
Strategy Details
USP is a yield vault backed by delta neutral yield strategies and the users can mint USP with USDC. The goal is to diversify USP's backing with assets like arbitrage strategies, carry trades, on-chain DeFi yield and real-world assets (RWAs). This diversification is aimed at optimizing USP's yield on a changing macro environment.
Redemption Details
The redemption process for USP tokens involves a digital queue that ensures fairness and security, distinct from the instant minting process. Each redemption request is placed in a queue within the smart contract on a "first come, first served" basis. The redemption contract holds a sufficient USD stable balance to immediately satisfy redemption requests. If the USP redeemed is a larger amount, part of the backing assets will be liquidated to complete the redemption request. Redemptions are processed within 48 hours.
Transferability
Fully transferable token, no restrictions.
Custody & Security
All operational flows pass through Fireblocks, where MPC-based key management, automated policy controls, whitelisting, and multi-approver rules minimize risk.
Morini Capital