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Usd8

Usd8 is a stablecoin doubles as Defi protection, Usd8 users get coverage for supported Defi positions 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 while being covered.
  2. For advanced DeFi users actively managing their own yield strategies - Hold Usd8 (or Usd8 LSTs) 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 losses from Covered DeFi Protocols.