USD8 Building
USD8 is a stablecoin with two baked-in functions — free Defi Insurance and Order Enforcement.
Free Defi Insurance
USD8 users get Defi Insurance covering multiple defi protocols, across any position, up to 80%, completely free. Claims are onchain and permissionless. Funds come from USD8's Cover Pool. The more you use USD8, the more you are covered.
Order Enforcement
After claims, USD8 curates a White Hat Economy, chasing lost assets on an ongoing basis — enforcing orders for the Defi space and deterring future hacks.
Security
Security is the core of USD8. We conduct security reviews on each protocol before we offer coverage. We also accept trusted independent security audits from the following
Use cases
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For passive DeFi users who want their savings protected - Swap your stablecoins for USD8 and deposit into our Protected Savings to earn yield(est. 3-5%) while being protected. If this vault is hacked, you can claim upto 80% of your loss from the Cover Pool.
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For advanced DeFi users actively managing their own yield strategies - Hold USD8 (or USD8 LSTs with yield) and freely use any Covered DeFi Protocols, now all your positions are protected by the Cover Pool.
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For high-yield seekers with higher risk tolerance: deposit assets into our Cover Pool to share protocol revenue (estimated 15–30% returns). Be aware your assets might be used to offset losses from Covered DeFi Protocols, but our security team screens every covered protocol to reduce the chance of incidents.
Backed by USDC
USD8 can be minted 1:1 with USDC permissionlessly, these USDC collateral will be deployed to Defi platform for yield. Rest assured your USD8 is covered by the Cover Pool upto 80% incase anything goes wrong, you can redeem USD8 upto 80% value.
Redeem USD8 back to USDC will be also be permissionless, while we expect this process to be instant there might be a delay for large redeems because some external defi protocol might have a delay in their redeeming process, which is out of our control. However there will be an AMM pool available for swaps at anytime.
We are Crypto Native
We are crypto native — we live and breathe the decentralized dream and are committed to building projects that adhere as closely as possible to the Trustless Manifesto.
Join us if you share our vision.