Solayer Core
5 min read
sUSD Now Live on Raydium
The first token leveraging the new Token2022 interest-bearing extension!
We’re excited to announce that sUSD, the first Real-World Asset-backed synthetic stablecoin on Solana, is now available on Raydium! sUSD by @solayer_labs is the first token leveraging the new token2022 standard with an interest-bearing extension, providing users with an innovative stablecoin solution that combines real-world asset backing with on-chain accessibility.
Why sUSD?
sUSD is designed to bring a new level of liquidity and stability to the Solana ecosystem, supported by a pool of real-world assets, starting with a basket of T-bills.
sUSD represents a groundbreaking shift towards a more resilient and diversified financial infrastructure on Solana.
Our unique approach to stablecoin issuance allows sUSD to reflect real yield, creating a robust and sustainable alternative for the DeFi community.
Trading and Incentives: sUSD-USDC Pool on Raydium
As part of our launch, we’re offering exclusive trading and liquidity opportunities on Raydium:
Swap: You can now swap USDC for sUSD on Raydium at the ultra-low 0.01% fee tier.
Liquidity Pool: Add liquidity to the sUSD-USDC pool on Raydium to earn rewards.
Incentives: We’re incentivizing liquidity providers with 6,000/wk sUSD to the reward pool (for a limited time only)
How to Get Started
Swap USDC for sUSD: Swap now on Raydium.
Add Liquidity to the Pool: Deposit in the sUSD-USDC pool and start earning.
Earn Rewards: Early depositors are eligible for a share of the reward pool, distributed weekly (6,000/wk sUSD for a limited time only).
With this listing on Raydium, Solayer is excited to contribute to the evolving Solana DeFi landscape.
Join us in this journey and take advantage of the first-ever token2022 interest-bearing stablecoin on Solana.
Don't forget to check the tutorial.