Return generation
Unstaked return
No staking required. User can keep the currency in their private wallet and earn a return. The user just has to demonstrate they hold the currency. This means any recipients will earn the underlying return.
The proof demonstration works by example:
User has syUSD ERC-20 in their Metamask wallet e.g. 100 syUSD (100 USD)
User wishes to claim any return currently on this syUSD
User comes to syUSD website, submits their wallet address e.g. 0xfe83746836…
syUSD performs a blockchain check, to determine how long address 0xfe83746836… has held this syUSD and the return for this period
syUSD quotes the return or interest generated as +3% for the period
User decides to claim this return/interest, so user can now withdraw 103 syUSD (103 USD)
User can withdraw in Ethereum, syUSD, Tether, USD
syUSD burns the 100 syUSD and deducts the reserve
Staked return
Users can also stake their syUSD into the syUSD website and earn a larger return then compared to the unstaked return.
Typical rates are as follows:
Staked return
0.1% - 7% in USD
Unstaked return
0.1% - 3% in USD
As syUSD is pegged to the USD. These returns are USD amounts.
Return or interest is earned by interest deposit payments and/or market neutral investments. A brief explanation of each is given below.
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