Benefits

Compared to other stablecoins?

• Mitigated borrow cost: $USDK uses LSTs and LRTs like swETH, and rswETH that can accrue rewards while working as collateral.

• Custom Degen Levels: allows user-set interest rate and risk management.

• Direct Redeemability: Always redeemable for $1 worth of collateral, ensuring stability and user trust.

• Immutable Contracts: The issuance contracts cannot be changed, eliminating risks from upgrades or governance attacks.

• Yields on Yields: Governance-directed (PIL) Protocol Incentivized Liquidity to earn on top of your staking rewards and revenue.