USDY

USDY is our own stablecoin. It is implemented as a rebase token. When the interest generated from loans is collected by our protocol, USDY will be rebased based on the amount of collected interest. wUSDY is a wrapped version of USDY. Due to the nature of USDY, the amount of USDY on your balance is not constant - it changes as interest comes in. As some DeFi protocols require a constant balance mechanism for tokens, wUSDY has fixed balance and uses an underlying share system to reflect your earned interest rewards. wUSDY will be useful across DeFi protocols which are based around constant balance tokens.