Kerne
Kerne is a synthetic USD protocol operating on a blockchain. The USD token can be redeemed at a: ratio through the on-chain Peg Stability Module USDC and minted; every USD token in circulation is backed: by USDC reserves and held by PSM contracts. Reserve backing is published hourly in the form of signed proof of reserves, which anyone can recalculate based on publicly available RPC readings. The USD token itself does not generate yield. Its staked form is the protocol's yield-bearing receipt, designed to earn basis yield independent of market direction. The reported TVL is the PSM held in USDC reserves, which provide: backing for the USD token in circulation.
Overview
Kerne is a synthetic USD protocol operating on a blockchain. The USD token can be redeemed at a: ratio through the on-chain Peg Stability Module USDC and minted; every USD token in circulation is backed: by USDC reserves and held by PSM contracts. Reserve backing is published hourly in the form of signed proof of reserves, which anyone can recalculate based on publicly available RPC readings. The USD token itself does not generate yield. Its staked form is the protocol's yield-bearing receipt, designed to earn basis yield independent of market direction. The reported TVL is the PSM held in USDC reserves, which provide: backing for the USD token in circulation.
- Sector
- # Derivatives
- Ecosystem
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Team
Team information has not been disclosed.
Funding history
0 disclosed roundsNo disclosed funding records.
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