Stablecoin Information
Ebisu Money is a stablecoin credit market on Ethereum where users can mint ebUSD by depositing collateral and earn yield by providing ebUSD liquidity. The protocol features market-driven interest rates and a liquidation-backed stability mechanism to maintain solvency and capital efficiency.
Category:crypto-backed
Minting and Redemption
Users mint ebUSD by opening a vault and depositing supported collateral. ebUSD can be redeemed by repaying debt and reclaiming collateral, or via redemptions that exchange ebUSD for collateral from the lowest-rate vaults.
Audits:No
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | <0.0001% | -21.15% | -40.89% | 18,211.01 | ||
| 0 | +0.02% | +0.02% | -63.09% | 448.09 |