24h Change+4.56%
All Time HighJan 30, 2025$1.02
All Time LowApr 3, 2026$0.098
Market Cap$5.86m
Fully Diluted Valuation$5.86m
Circ. Supply12.57m USR
CEX Volume$0
DEX Volume$12,663
How much debt can be issued against USR as collateral across lending protocols.
Maximum possible exposure to USR
$3.28m
$0.14 (max additional borrows against USR) + $3.28m (bad debt if USR was hacked now)
Morpho V1
$3.22m at-risk exposure = $3.22m bad debt if hacked + $0.14 additional borrowable against USR
Euler V2
$55,917 at-risk exposure = $55,917 bad debt if hacked + $0 additional borrowable against USR
Showing collateral exposure for USR on onchain. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
Each row is one protocol-chain exposure for USR as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
USR0x66a1e37c9b0eaddca17d3662d6c05f4decf3e110 | $0.05 | $868,920 | ||
USR0x35e5db674d8e93a03d814fa0ada70731efe8a4b9 | $0.049 | $2.35m | ||
USR0x0ad339d66bf4aed5ce31c64bc37b3244b6394a77 | $0.037 | $26.08 | ||
USR0x66a1e37c9b0eaddca17d3662d6c05f4decf3e110 | $0 | $55,817 | ||
USR0x2492d0006411af6c8bbb1c8afc1b0197350a79e9 | $0 | $99.91 |
Risk-management actions published about USR by tracked risk managers and governance contributors, newest first.
Fluid incurred ~$21M in bad debt from the Resolv exploit, with Resolv covering 50% of pre-incident DEX LP losses and the remainder split between Resolv, treasury, and team funds. All remaining USR tokens in Fluid were burned at the contract level, allowing healthy position holders to redeem directly through Resolv with no impact to user deposits.
An attacker exploited compromised infrastructure to mint tens of millions of unbacked USR, causing a sharp depeg and halting Resolv operations. This triggered immediate contagion risks across DeFi markets using USR-based assets as collateral.
USR has seen no activity in the last 60 days, with total supply and borrow both at zero, indicating low demand that justifies offboarding to avoid maintaining unused vaults.
USR is being onboarded to the new Euler Yield market on Arbitrum to enable capital-efficient stablecoin looping for delta-neutral yield strategies. This supports participation in Arbitrum's 80M ARB DRIP incentive program, which emphasizes stablecoin looping, with risk parameters to be set by Gauntlet and Objective Labs.
Recommended onboarding to Aave V3 Core contingent on a formal bug bounty program to address smart contract vulnerabilities, which has now been implemented.
USR has met the liquidity and risk criteria for onboarding as collateral and borrowable asset on Aave v3 Core Instance, with conservative parameters to manage initial exposure. LlamaRisk assessment confirms its stability as a USD-pegged reserve token backed by diversified treasuries.
USR is a synthetic stablecoin backed by ETH via a delta-neutral hedging strategy using short perpetual futures, maintaining over 115% collateralization and strong price stability with minimal fluctuations over six months. Audits by MixBytes and Pessimistic resolved all critical issues, and liquidity is concentrated on Curve and Uniswap V3, supported by a Chainlink oracle, making it suitable for collateral with a formal bug bounty program.
Resolv’s USR is an over-collateralized USD stablecoin backed by a delta-neutral ETH strategy and the Resolv Liquidity Pool (RLP) as an insurance reserve to maintain over-collateralization. With TVL growing from 37M to over 675M and 570M circulating supply, it's being onboarded as collateral with conservative caps, while minting/redeeming occurs 1:1 with USDC/USDT.
MEV Capital's new USD0 vault includes USR as collateral for USD0 borrowing, selected for its yield potential in risk-managed, market-neutral positions on Morpho.
Proposes onboarding USR, an over-collateralized stablecoin backed by a delta-neutral ETH strategy. The asset has grown rapidly from $37M to over $675M in TVL, with a liquid insurance reserve (RLP) ensuring it remains over-collateralized.
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Tracking 9 pools, average APY 0.44%
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabSTUSR | $1.39m | 0% | 0% | 0% | |||||
| open in new tabMC-USR | $213,039 | 0.32% | 0.32% | 0.21% | |||||
| open in new tabUSR-USDC | $67,005 | 0.15% | 0.52% | ||||||
| open in new tabUSREVK Vault eUSR-1 | $43,455 | 1.69% | 1.69% | 1.69% | |||||
| open in new tabUSR-USDT0.01% | $21,198 | 0% | 0% | 0% | |||||
| open in new tabUSR-RLP | $12,368 | 0.32% | 0.32% | 0.90% | |||||
| open in new tabGHO-USR | $11,849 | 0.01% | 0.01% | 0.05% | |||||
| open in new tabUSR-USDC | $11,416 | 0% | 0% | 0.19% | |||||
| open in new tabUSREVK Vault eUSR-2 | $10,168 | 0.16% | 0.16% | 0.16% |
