SoulPeg USD
SoulPeg USD（SPUSD) is a wrapper token for a stablecoin based on BEP-20 mechanism, used for non-transferable deposit tokens. Users mint SPUSD, and can always unwrap it back into the deposit token; upon redemption,SPUSD is burned.$1's target price is maintained by a simple on-chain market-making bot, which trades in the SPUSD/USDCv2 pool on PancakeSwap, and is also maintained through reserves deployed in a transparent lending strategy (currently using Venus). The contract has been verified on BscScan, some liquidity is time-locked through PinkLock, and all documentation and code are publicly available.
Overview
SoulPeg USD（SPUSD) is a wrapper token for a stablecoin based on BEP-20 mechanism, used for non-transferable deposit tokens. Users mint SPUSD, and can always unwrap it back into the deposit token; upon redemption,SPUSD is burned.$1's target price is maintained by a simple on-chain market-making bot, which trades in the SPUSD/USDCv2 pool on PancakeSwap, and is also maintained through reserves deployed in a transparent lending strategy (currently using Venus). The contract has been verified on BscScan, some liquidity is time-locked through PinkLock, and all documentation and code are publicly available.
- Sector
- # Stablecoins
- Ecosystem
- BNB Chain
Team
Team information has not been disclosed.
Funding history
0 disclosed roundsNo disclosed funding records.
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