sDUSD

Yield-Bearing Token in Delta Money

DUSD is a non-rebasing, yield-bearing token issued through Delta Save, Delta Money’s staking platform. Designed for institutional users, sDUSD allows the staking of DUSD to earn rewards derived from Delta Money’s revenue-generating strategies. As an ERC-20 token compliant with the ERC-4626 Token Vault Standard, sDUSD provides a robust, transparent, and secure method for reward accrual across both centralized finance (CeFi) and decentralized finance (DeFi) platforms.

Accrual Model and Staking Mechanics

sDUSD maintains a constant balance and rewards are distributed every 8 hours, vesting linearly every second over the following 8 hours. This mechanism provides a predictable and transparent reward structure, ensuring consistent accrual over time. The rewards are derived from Delta Money’s positive funding on basis trading and yield-bearing reserve assets, allowing holders to realize rewards in real time without manual claims or balance adjustments.

Yield Generation Streams

sDUSD: Yield Streams

The rewards accrued by sDUSD holders stem from two primary sources:

1

Basis Trading

Delta Money utilizes delta-neutral basis trading, capturing funding rate differentials across leading perpetual futures exchanges to generate yield.

2

Yield from Institutional Reserve Assets

Delta Money deploys capital into low-risk assets such as short-duration sovereign debt, repurchase agreements, and stablecoin liquidity, generating sustainable returns for sDUSD holders.

These sources ensure a stable and scalable reward distribution model that is designed to meet the demands of institutional participants.

Composability Across CeFi and DeFi

sDUSD’s ERC-20 standard makes it fully composable across both CeFi and DeFi ecosystems. Users can leverage sDUSD for various financial applications, including collateralizing loans, earning additional yields, or participating in decentralized protocols. This broad composability enhances liquidity and enables institutions to integrate sDUSD seamlessly into their broader financial strategies.

Compliance, Security, and Flexibility

Delta Money ensures that the sDUSD staking program adheres to the highest standards of regulatory compliance and security. The staking process is powered by secure, auditable smart contracts that ensure transparency and integrity. As a non-rebasing token, sDUSD provides a clear, predictable balance that enhances risk management for institutional users. Furthermore, sDUSD holders can redeem their staked positions at any time, offering liquidity and flexibility without the restrictions typically associated with other staking models.