The second half
The Circle Dollar
Put in BNB and get CUSD, a dollar backed by a USDC and USDT basket that earns interest on Aave. The interest does two things at once: it makes every CUSD worth a little more, and it keeps buying $CIRCLE off the open market and burning it.
Awaiting deploy
What one CUSD is worth
$1.0000
It starts at exactly one dollar and only ever moves up, as harvested interest is folded back into the backing. It never moves down.
Since launch
+0.00%
Backed
100.0%
Your CUSD
0.00
worth $0.00 today
In circulation
0.00 CUSD
backed by $0.00 of stables
Interest waiting
0.00 USD
last harvest never
$CIRCLE burned
0.0000
bought with $0.00 of interest
Deposit
BNB
Enter an amount to see what you would get.
Redeem
MAX
Burn CUSD and take the stables back out at the current rate, paid as USDC and USDT straight to your wallet.
Harvest the interest
Anyone can press this, and it pays nobody who presses it. It sweeps the interest the basket has earned and splits it three ways, on-chain, by fixed constants.
70%
Folded back into the backing, which is what lifts the rate for every CUSD holder.
20%
Spent buying $CIRCLE on PancakeSwap and sending it to the dead address.
10%
Paid out to keep the thing maintained. Fixed in the contract, not adjustable.