We're proud to announce $sUSN is live on @CurrentSUI
We built $sUSN to be more than something you hold. On Current it becomes collateral, a lending asset, and the base for one-click loops.
The yield-bearing stablecoin that plugs into everything.
Learn More Here ๐งต๐
sUSN 7.42% APY, TVL $37.47M USD
We're starting September with great updates from the team.
Currently, we're working hard to provide our users the best experience possible, finishing our new Noon app.
Earning passively should be simple. That's why we are here.
You hold $sUSN. It earns yield on its own. On @CurrentSUI, you can now put that yield to work.
Open the Current app. Click on Multiply, and you will see the $sUSN market.
https://t.co/gO1pab2SVw
But how does it work underneath? Full explanation below.
The cost of the loop is the $USDC borrow rate. As long as $sUSN yield runs above what you pay to borrow, the spread is yours.
Current's Multiply feature runs the whole thing in one click, so you set your leverage and it handles the cycles for you.
One week since $sUSN went live on @CurrentSUI.
$800k in deposits.
15.3% APR on your $USDC, paid in $SUI.
To deposit, go here https://t.co/KWeLcH4BfB and scroll down to sUSN market.
In summary, this is what to check for yourself:
โข Collateral ratio at or above 100%
โข Reserves have tracked supply over time consistently
โข The strategy mix matches what we claim
โข The wallets hold what the dashboard says they hold
If you have any additional questions, we're happy to answer.
Transparency is one of our core values.
If users will trust their assets to us, it makes sense to have a clear answer to the question:
"Where can I see where my yields come from?"
This thread is a full walkthrough on how to do it ๐งต
Total DeFi Deployments vs Insurance Coverage shows our custody layer, which is where Noon's security begins.
You can find more on our Docs, where we have it fully detailed.