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Usd8

Usd8 is a stablecoin doubles as hack protection, Usd8 users get hack coverage as well as stable yield.

There are three main use cases:

  1. For passive DeFi users who want their savings protected - Swap your stablecoins for Usd8 and deposit into Protected Savings to earn yield and receive hack coverage.
  2. For advanced DeFi users actively managing their own yield strategies - Hold Usd8 (or USD yield tokens) and freely use any Covered DeFi Protocols, now all your positions are protected by the Cover Pool.
  3. For users seeking high yields and with high risk appetite - Deposit assets into the high-yield Cover Pool and share protocol revenue. However, remember these assets may be deployed to cover hacking losses from Covered DeFi Protocols.