QUSD

Partially collateralized algo-stablecoin.

What is QUSD?

Each QUSD is composed of 88.5% BUSD (established stablecoin) and 11.5% QUANT. In short, this means that in a worst-case scenario, a QUSD holder has only an 11.5% downside.

Minting QUSD

QUSD is minted by depositing BUSD into the protocol directly, or created through depositing a different stablecoin asset into the 4pool LP to create QUSD3P-QLP.

Protocol - Creating Reserves

The deposited assets will be put to use (similar to other vaults).

75% of the deposited BUSD goes into a vault and generates yield, which is sold to buy back QUANT, creating automated buy pressure. This system is designed to grow the QUANT reserve holdings. This QUANT is then held and used to offset price differences when users create QUSD.

25% of the BUSD is held in a contract for reserve, for when people cash out QUSD.

Below you will see how the protocol works.

The entire QUSD protocol

Farming

You will be able to deposit your QUSD (or other stable assets) in order to generate QUSD-3P LPs.

QUSD will be added to the 3pool LPs, creating a new 4pool LP. The applicable tokens will be equal parts QUSD, BUSD, USDC, and USDT. Adjusted emissions are as follows.

QUANT: 0.5x

QUANT-BUSD: 2x

3pool: 0.5x

4pool (QUSD+3pool): 1x