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 | |||||
|---|---|---|---|---|---|---|
| 0.00% | +0.22% | +1.64% | +10.17% | 88,859.74 |