USH is a decentralized, over-collateralized stablecoin on MultiversX, backed by excess collateral for stability without central control. It’s used for payments, staking, and hedging against volatility.

USH is used for trxs, yield farming by staking in the USH Staking Module, adding liquidity to DEXes to earn fees, and as a stable store of value pegged to the U.S. Dollar, protecting against market volatility.

USH maintains its peg using multiple mechanisms, including a soft peg for minor deviations through arbitrage and a hard peg for larger imbalances when arbitrage alone is insufficient, ensuring stability.

You can mint USH through Isolated Pools (with no fees) or the Lending Protocol (with fixed fees), both ensuring stability through over-collateralization to maintain its U.S. Dollar peg.

USH is a native stablecoin minted directly within the MultiversX ecosystem, unlike centralized stablecoins like USDC and USDT, which exist as wrapped versions bridged from outside the ecosystem.

Any asset available in the Hatom Lending Protocol can be used as collateral to mint USH.

USH supply is managed by automated systems: it’s minted with collateral like EGLD, wBTC and burned upon repayment. The protocol monitors collateral, triggering liquidation if values fall below thresholds to ensure stability.

Facilitators are essential to the USH ecosystem, managing USH minting and burning to ensure stability. The two main facilitators are the Lending Protocol and Isolated Pools, and each use unique minting methods.

The USH Borrow Rate is set by a governance-controlled smart contract, not by supply and demand, ensuring stable and predictable costs. Borrowers receive a discount based on the collateral assets supplied.

The Hatom Lending Protocol offers a discounted USH borrow rate based on users' collateral distribution. A more favourable collateral has a larger discount, allowing for more cost-effective borrowing.