Sperax USD (USDs) is a stablecoin which generates auto-yield natively. Currently, USDs is live on Arbitrum, the largest Layer-2 Ecosystem of Ethereum. Eventually, Sperax will build a system of interoperability so that USDs will be natively deployed to all major blockchain platforms.
The highlights of USDS protocol:
Auto-yield. Users holding USDs in their wallets automatically earn organic yield. Neither staking not claiming required by the end user. Users do not need to spend gas and their time calling the smart contract to claim their yield - the yield is distributed directly to the wallets of USDs holders.
Layer2-native Cheaper transaction fees on Arbitrum make this protocol retail investor-friendly
Fully Backed Model USDs is 100% backed by a diversified basket of whitelisted stablecoins.
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