Phoenix USD(phUSD)
Market Cap$68,213
Price-
Total Circulating68,213
Stablecoin Information
phUSD is a USD stablecoin on Ethereum backed 1:1 by a basket of yield-bearing stablecoin collateral (DOLA and USDC) held in ERC4626 yield strategies. Deposits earn yield which is streamed to phUSD stakers via the Phlimbo yield farm.
Category:crypto-backed
Minting and Redemption
phUSD is minted 1:1 by depositing supported stablecoins (DOLA, USDC) through PhusdStableMinter. The underlying stablecoins are routed into ERC4626 yield strategies (AutoDOLA, AutoUSDC). phUSD is not redeemable.
Audits:No
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | +3.20% | +8.41% | +58.49% | 68,213 |