USDλ & sUSDλ
sUSDλ
The savings form of USDλ, for holders outside the exchange.
sUSDλ is a standard ERC-4626 vault wrapping USDλ. Deposit USDλ and you receive sUSDλ shares; the shares appreciate as yield is distributed to the vault; redeem them for USDλ whenever you like.
Why it exists
USDλ inside a trading account earns yield automatically, because the exchange can see every account's balance. USDλ sitting in a wallet cannot be paid the same way — so sUSDλ gives holders outside the exchange a place to put it that earns. Yield is split between the two pools in proportion to how much USDλ each holds, measured fresh at every distribution.
Properties
- Redeemable at any time for USDλ at the current share price. There is no lock-up.
- Composable: it is an ordinary ERC-4626 token on STRATO.
- Same backing: sUSDλ is a claim on USDλ, which is a claim on escrowed USDC.