Solayer Labs Launches $sUSD on Solana, Offering Yield with Treasury-Backed Stablecoin Security

• $sUSD on Solana offers 4% yield, allowing users to earn passive income securely backed by Treasury Bills.
• Solayer Labs’ $sUSD stablecoin integrates OpenEden, enhancing security with Moody’s-rated tokenized assets.
• $sUSD serves as collateral in Solana’s ecosystem, supporting DApps, bridges, and decentralized finance protocols.

Through its decentralized protocol, $sUSD operates as a marketplace engine, seamlessly connecting users with $USDC quotes and approved tokenizers.

Automated Yield with Secure Stability

Solayer’s $sUSD system is fully automated, handling the minting, redemption, and matching processes to ensure efficient and decentralized transactions. Users deposit $USDC, which the protocol routes toward U.S. Treasury Bill purchases. In return, users receive $sUSD pegged 1:1 to $USDC. 

By leveraging Treasury Bills as secure, short-term government debt, the stablecoin maintains a stable value while delivering a steady yield. Solana's account model also plays a vital role, adjusting a multiplier on $sUSD holdings to reflect earned interest, allowing balances to grow automatically similar to a high-yield savings account.

Integration with OpenEden Enhances Security

The platform’s decentralized nature also allows for real-time growth in user balances at an annual yield between 4% and 5%, making it a competitive alternative to traditional finance products.

Moreover, Solayer’s incentive program offers an exclusive 10x yield boost on the first $10,000 deposited during the initial minting phase which began on October 30. 

Future Expansion and Long-Term Vision

Solayer Labs plans to expand $sUSD’s backing with a diversified asset pool, including commodities such as oil and gold. This approach aims to further bridge the gap between traditional finance and DeFi, broadening adoption and stability on Solana’s platform.