Successful financial systems diversify risk with a multi-source architecture, with multiple counterparties and stakeholders balancing the dynamic of power and flow of funds.
We designed USD Star (USD*) to minimize concentration risk through diversification, so no single dependency can take down the entire system.
The yield USD* generates comes from three independent source categories (delta-neutral strategies, secured lending positions and RWA) each with internal diversification.
New campaign ๐ชป
Superteam members, this one's for you.
@Perena x @superteam
Mint 1,000 USDC into USD*, earn 8% APY, hold for 30 days. A $10 USD* bonus lands on top.
500 spots, Starting now and open until June 30.
More โ
I'm considering simplifying Perena's USD* architecture. Would love your feedback!
USD* used to represented our whole portfolio.
We tranched it: USD* became senior, USD*-J became junior. But we noticed most users weren't blending the two, and APY on USD* dropped as a result.
We're thinking of reverting USD* to the full, untranched portfolio at ~10% APY.
USD*-P would become a fixed-rate senior product (5-6% APY), >100% overcollateralized and protected by USD*-J.