HOW USTC+?

For a successful re-peg of USTC, we'd need to achieve a self-custody protocol that is verifiable, incentivized, and has a slashing mechanism where supply regulators will benefit from market activities and hold the excessive supply so it can be introduced back to markets in a slow and controlled manner.

The user acquires USTC+ from any EVM-compatible blockchain.

At the same time with 50% OF $USDC, $USTC is acquired through Binance API

Protocol auto pegs the $USTC+ with 50% of the provided $USDC and the user receives sNFTs with locked LP tokens.

1% for every USTC+ transaction (buy, sell, transfer) is taxed and distributed among sNFT holders according to their LP holdings. (TotalUSTC+/TotalLPtokens)xLPholdinsOfsNFT

A slashing mechanism of -24% is applied on LP tokens for early redeemers and sent to on-chain multi-sig. Every month slashing will be reduced by 1% ex: after 5 months of minting sNFT slashing will be reduced to 19%

PreviousWHY USTC+?

Last updated 6 months ago

For a successful re-peg of USTC, we'd need to achieve a self-custody protocol that is verifiable, incentivized, and has a slashing mechanism where supply regulators will benefit from market activities and hold the excessive supply so it can be introduced back to markets in a slow and controlled manner.

The user acquires USTC+ from any EVM-compatible blockchain.

At the same time with 50% OF $USDC, $USTC is acquired through Binance API

Protocol auto pegs the $USTC+ with 50% of the provided $USDC and the user receives sNFTs with locked LP tokens.

1% for every USTC+ transaction (buy, sell, transfer) is taxed and distributed among sNFT holders according to their LP holdings. (TotalUSTC+/TotalLPtokens)xLPholdinsOfsNFT

A slashing mechanism of -24% is applied on LP tokens for early redeemers and sent to on-chain multi-sig. Every month slashing will be reduced by 1% ex: after 5 months of minting sNFT slashing will be reduced to 19%