Summary
This proposal seeks to add Neutrl Staked NUSD (sNUSD) to the USP Backing Reserve.
The Neutrl Staked NUSD (sNUSD) will be included in both the reserve distribution and maximum allowance lists.
Rationale
Adding Neutrl Staked NUSD (sNUSD) to USP backing enhances capital efficiency by introducing a yield-bearing, market-neutral asset into the reserve mix.
sNUSD accrues yield from Neutrl’s institutional-grade, delta-neutral strategies (e.g. OTC arbitrage and funding rate capture) without introducing directional market risk.
The asset remains liquid and composable, allowing USP to benefit from sustainable yield generation while preserving backing flexibility and overall stability.
USP Reserve Backing – Max Allowance Additions
| Rate | Crypto | Type | Details |
|---|---|---|---|
| 10% | Staked NUSD (sNUSD) | On Chain | https://www.neutrl.fi/ |
| 10% | Neutrl USD (NUSD) | On Chain | https://www.neutrl.fi/ |
USP Reserve Backing – Distribution Table Additions
| Rate | Crypto | Type | Details |
|---|---|---|---|
| 2.5% | Staked NUSD (sNUSD) | On Chain | https://www.neutrl.fi/ |
Reserve Backing Distribution – Before
| Rate | Crypto | Type | Details |
|---|---|---|---|
| 65% | BMMF Turkey Stablecoin FX Arbitrage Strategy | On Chain | https://www.balsafinance.com/ |
| 10% | USD AI sUSDai | On Chain | https://usd.ai/ |
| 10% | Giza Arma Agent | On Chain | https://arma.xyz/ |
| 5% | Aave aUSDT | On Chain | Aave - Open Source Liquidity Protocol |
| 2.5% | Yuzu Money syzUSD | On Chain | https://yuzu.money/ |
| 2.5% | Cap USD stcUSD | On Chain | https://cap.app/ |
| 2.5% | Midas mF-ONE | On Chain | https://midas.app/mfone |
| 2.5% | Midas mAPOLLO | On Chain | https://midas.app/mapollo |
Reserve Backing Distribution – After
| Rate | Crypto | Type | Details |
|---|---|---|---|
| 65% | BMMF Turkey Stablecoin FX Arbitrage Strategy | On Chain | https://www.balsafinance.com/ |
| 10% | USD AI sUSDai | On Chain | https://usd.ai/ |
| 7.5% | Giza Arma Agent | On Chain | https://arma.xyz/ |
| 5% | Aave aUSDT | On Chain | Aave - Open Source Liquidity Protocol |
| 2.5% | Yuzu Money syzUSD | On Chain | https://yuzu.money/ |
| 2.5% | Cap USD stcUSD | On Chain | https://cap.app/ |
| 2.5% | Midas mF-ONE | On Chain | https://midas.app/mfone |
| 2.5% | Midas mAPOLLO | On Chain | https://midas.app/mapollo |
| 2.5% | Staked NUSD (sNUSD) | On Chain | https://www.neutrl.fi/ |