Want to see what backs USDfr?
Open FRVโs Transparency Dashboard and compare USDfr supply against its backing value.
Then explore idle USDC reserves, deployed loan principal, and the live loan book.
Every section links to its on-chain contracts, so you can verify the numbers yourself.
No wallet connection required.
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Want to redeem your sUSDfr? Here's how.
Open Redeem in the FRV app.
Select sUSDfr and enter your amount.
Approve and submit your redemption request.
Track its status under Your Queue Positions.
Claim your USDfr once your request is filled.
Remember: there's a minimum 21-day wait. Requests cannot be cancelled, and settlement depends on available liquidity.
Prefer a faster exit? You can also swap through Uniswap, subject to available liquidity and market pricing, instead of waiting in the redemption queue.
Your sUSDfr balance may stay the same while its value changes.
Connect your wallet in the FRV app โ open your position panel โ check the exchange rate, historical gain, and fees.
Yield accrues through the share price, not as extra tokens sent to your wallet.
Staking and holding quests are now live in Gold Karat! Your tokenized gold is now worth even more.
โ Stake $GGBR, earn Flakes
โ Hold $GGBR, earn Flakes
โ Complete social quests, earn Flakes
Want the top spot on the leaderboard? Do all three ๐
https://t.co/1PjhmdJFMl
Staking and holding quests are now live in Gold Karat! Your tokenized gold is now worth even more.
โ Stake $GGBR, earn Flakes
โ Hold $GGBR, earn Flakes
โ Complete social quests, earn Flakes
Want the top spot on the leaderboard? Do all three ๐
https://t.co/1PjhmdJFMl
Our transparency dashboard is live!
See how much yield goes into each vault, and verify each injection on-chain with its date, amount and transaction hash.
Our liquid vault alone has 153 on record so far.
Stake your gold and watch the yield land ๐
https://t.co/u8qbKy3C4p
Planning to exit sUSDfr?
Thereโs no instant unstake.
Request redemption โ wait 21 days โ settle first-in, first-out as liquidity allows โ claim USDfr once filled.
A few things to know:
Your request canโt be cancelled.
Your shares stay exposed until settlement.
The settlement price is determined when your request fills, not when you submit it.
Once filled, head to Your queue positions and claim your USDfr.
Already holding $USDfr?
You can stake it to receive sUSDfr and move into the yield-bearing side of Forest Road Vault.
USDfr is the on-chain dollar.
sUSDfr is the vault share that reflects the performance of the underlying credit book.
USDfr โ Stake โ sUSDfr
Simple product flow. Different role for each asset.
Start here: https://t.co/vqvbKhn0vA
Youโre holding sUSDfr. A borrower defaults. What happens next?
The loss doesnโt immediately fall on your principal.
FRVโs loss waterfall is designed so curator first-loss capital absorbs losses first. If that layer is exhausted, the sGROVE backstop comes next.
sUSDfr depositor principal is only exposed after both layers have been exhausted.
The protection is structural, not a guarantee against loss.
Thatโs what sits between a borrower default and depositor principal.
https://t.co/sPERCZxrlS