U.S. short-duration Treasury yields are currently at 4.15%. Those returns will be passed on to USDN holders, who can also choose to lock up their stablecoins in the Staking Vault for up to four months to earn points.
The points can then be used to unlock benefits such as lower trading fees on exchanges, preferred access to new dapps and exclusive merchandise.
Those who prefer to keep earning yield will be able to do so in the Flexible Vault, which offers a boosted yield rate paid for by the forfeited yield from the Staking Vault.
Both vaults will offer a 30-day withdrawal period, after which users will be able to withdraw their USDN to use at any supported dapp or exchange.
Initially, USDN will be supported in the Keplr Wallet, with support for other wallets to follow. Users will be able to buy USDN with a credit card through Moonpay.
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