Logo of HRUSDHRUSD(HRUSD)
Total Value Locked$10,230.32

TVL by Chain

Base$10,230.32

Protocol Information

HRUSD is a USD-pegged stablecoin on Base, minted 1:1 against USDC through a Peg Stability Module, with an incentivised HRUSD/USDC Uniswap V3 liquidity program

Category:Basis Trading
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Methodology

TVL: TVL counts the USDC reserve held on-chain by the HRUSD Peg Stability Module and the USDC side of the Uniswap V3 HRUSD/USDC liquidity positions escrowed in the two V3LPStakingRewards contracts. The remainder of the HRUSD backing is custodied on a centralised exchange and is deliberately not counted here.View code on GitHub

Competitors

BounceBit CeDeFi Yield ($271.04m)BitFi Basis ($230.6m)ZEROBASE CeDeFi ($57.28m)SoSoValue Basis ($2.94m)Theo Straddle Vaults ($1.11m)Kerne ($1,110.78)Umoja yBTCEthena USDe ($4.093b)Falcon Finance ($1.174b)Solstice ($404.32m)

Frequently Asked Questions

What is HRUSD?

HRUSD is a USD-pegged stablecoin on Base, minted 1:1 against USDC through a Peg Stability Module, with an incentivised HRUSD/USDC Uniswap V3 liquidity program

What is HRUSD's TVL?

HRUSD currently has $10,230.32 in total value locked.

What chains does HRUSD operate on?

HRUSD operates on Base. Base holds the largest share at 100%.

How does HRUSD's TVL compare to similar protocols?

Among Basis Trading protocols tracked by DefiLlama, HRUSD ranks #34 by TVL. The category holds $7.2b across 40 protocols, and HRUSD accounts for <0.1% of that total. Other leading protocols include BounceBit CeDeFi Yield, BitFi Basis, ZEROBASE CeDeFi, SoSoValue Basis, Theo Straddle Vaults, Kerne, Umoja yBTC, Ethena USDe, Falcon Finance, and Solstice.