How it Works

The USDh ecosystem is made up of two assets:

1. USDh

A synthetic dollar consisting of Bitcoin coupled with a short futures position.

2. sUSDh

A Bitcoin native bond that generates up to 25% yield from funding rates.

USDh and sUSDh will be issued on Bitcoin L1 via the Runes protocol as well as several Bitcoin L2s, starting with Stacks. Once released, USDh will be available to buy on popular DeFi markets like Magic Eden and Alex.

To access the yield, users can stake USDh and immediately receive the yield-bearing token, sUSDh.