Summary
This proposal seeks to increase the allocation of Staked Axis USD (sUSDx) within the USP backing framework from 25% to 27%. The adjustment reflects the strong recent performance of Staked Axis USD and aims to expand USP’s exposure to a high-performing, yield-generating stablecoin strategy while maintaining a diversified collateral structure.
Rationale
Staked USDx has demonstrated strong yield performance over the past three weeks, highlighting its effectiveness as a productive and capital-efficient backing asset. Increasing the allocation from 25% to 27% allows USP to scale exposure to a strategy that has recently delivered attractive risk-adjusted returns while maintaining a stable-value profile.
As the staked version of Axis USD, sUSDx provides access to diversified, non-directional yield generation, supporting USP’s objective of building a resilient and yield-efficient backing framework. Expanding the allocation also improves the protocol’s flexibility to benefit from favorable market conditions and strengthens diversification across yield sources and stablecoin infrastructures.
Overall, this proposal reflects a balanced approach between performance optimization and risk-aware treasury management, reinforcing USP’s ability to generate sustainable returns while preserving backing stability.
USP Reserve Backing Distribution Pre Proposal:
| RATE | CRYPTO | TYPE | Details |
|---|---|---|---|
| 57% | BMMF Turkey Stablecoin FX Arbitrage Strategy | On Chain | https://www.balsafinance.com/ |
| 25% | Staked USDx | On Chain | https://www.axis.to/ |
| 10% | Brix Money wiTRY | On Chain | https://brix.money/ |
| 4% | USD AI sUSDai | On Chain | https://usd.ai/ |
| 2% | Upshift earnAUSD | On Chain | https://app.upshift.finance/pools/143/0x36eDbF0C834591BFdfCaC0Ef9605528c75c406aA |
| 1.5% | Midas mF-ONE | On Chain | https://midas.app/mfone |
| 0.5% | USDC | On Chain | https://www.usdc.com |
USP Reserve Backing Distribution Post Proposal:
| RATE | CRYPTO | TYPE | Details |
|---|---|---|---|
| 57% | BMMF Turkey Stablecoin FX Arbitrage Strategy | On Chain | https://www.balsafinance.com/ |
| 27% | Staked USDx | On Chain | https://www.axis.to/ |
| 10% | Brix Money wiTRY | On Chain | https://brix.money/ |
| 4% | USD AI sUSDai | On Chain | https://usd.ai/ |
| 1.5% | Midas mF-ONE | On Chain | https://midas.app/mfone |
| 0.5% | USDC | On Chain | https://www.usdc.com |