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USC Price

What is USC?

Chi is an Ethereum-based protocol issuing a decentralised and capital-efficient stablecoin, known as USC, designed to bring stability, scalability, and sustainable economic incentives to decentralised finance. USC is the first stablecoin issued by Chi Protocol. Liquid Staking Tokens (LSTs) are used as collateral to back it, and it relies on a dual stability mechanism to maintain the price at $1

Chi’s primary goal is to scale DeFi with a capital-efficient and yield-generating stablecoin known as USC. This is achieved by always enabling users to mint USC with their LSTs/ETH deposits at a 100% collateral ratio and combining this with the dual stability mechanism to generate a stablecoin yield source for USC stakers.

Chi Protocol (https://chiprotocol.io/) is a decentralised stablecoin issuer (USC) backed by stETH. The mission is to create an asset people can trust and get a share of the actual yields. We are already based on Ethereum and are about to launch on Base; however, we are also interested in launching on Solana.

A few key characteristics of the platform:

- It's 100% collateralised with stETH = more capital efficient (not overcollateralised)

- Instant mint and redeem

- stETH yield is accrued on our governance token = CHI

- The yield is distributed amongst all stakeholders

- The peg is kept with our dual stability mechanism and proprietary arbitrage bots.

- Chi is self-sufficient due to our arbitrage trading profit and stETH yield. Currently it generates high 5 figures a week for the team.

- USC staking APY comes from stETH yield and protocol's arbitrage.

- Fair launch on DeFi

We work closely with the Ether.fi and Lido teams. Most importantly, ABDK (https://github.com/abdk-consulting/audits/blob/main/chi/ABDK_Chi_ChiProtocol_v_1_0.pdf) audited our protocol

All About USC

Price in USD$0.997192
All-time high$1.02
Market Cap$0.0
24h Volume$4.2 Thousand
Contract Address0x38547d918b9645f2d94336b6b61aeb08053e142c
ETH Address0x38547d918b9645f2d94336b6b61aeb08053e142c
BSC Address-
4795

USC

USC

$0.997192

0.00001541 BTC

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$4.236 K
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$936.5 K
$1.02
0.31%0.31%
0.64%0.64%
0.23%0.23%
0.00% -0.0% -
0.00% -0.0% -
0.00% -0.0% -
0.16%0.16%
4.21%4.21%
12.24%12.24%
0.00% -0.0% -
0.00% -0.0% -
0.00% -0.0% -
0.11%0.11%
4.65%4.65%
12.5%12.5%
0.00% -0.0% -
0.00% -0.0% -
0.00% -0.0% -
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939.142 K
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$936.5 K
1.84%
$0.992119
$1.01
$0.0000
$0.0000
$0.0000

USC Price Chart

MarketExchangePriceVolume 24hLiquidity ±2%
Market Depth
USC/ USDC

$0.9952500.99546605$1.25 K

29.72%

$0.00

0%

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USC/ ETH

$0.9980130.00028797$2.97 K

70.28%

$0.00

0%

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USC Depth Chart

$0.0000
$0.0000

USC Breakdown

About USC

  • Categories

    Stablecoins

    Asset-backed Tokens

    Liquid Staking

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