Web 3 Dollar

Built on the Reserve Protocol, Web 3 Dollar (USD3) is a low-risk yield-bearing USD stablecoin designed for DeFi markets. Operating as a native web 3 currency, it offers a transparent and permissionless way to manage and trade tokenized indexes with 24/7 visibility.

The key technical feature of USD3 lies in its diversified collateral backing, which comprises four tokens pegged to USDC: Sky Savings USDS, Morpho Steakhouse USDC, Compound USDC V3, and AAVE USDC V3. This blend of assets provides a robust foundation for the stablecoin, ensuring stability and minimizing risk. The protocol's governance model prioritizes safety and stability, seeking highly-rated stables and DeFi platforms to optimize returns.

USD3 offers various yield opportunities through its pool projects, including USD3-SCRVUSDConvex, USD3-SUSDSYearn, and USD3-SUSDEYearn. These pools provide a range of APYs (Annual Percentage Yields), from 2.4% to 8.9%, allowing users to choose the best option for their investment strategy. The protocol's revenue distribution is shared among RToken holders (85%), RSR stakers (12%), and external parties (3%), ensuring that a significant portion of the returns benefits the community.

The Reserve Protocol has implemented a robust governance model, with proposals voted on by the community to ensure the stability and security of the platform. The protocol's governor mandate emphasizes safety and stability, reflecting the project's commitment to responsible growth. With a strong focus on transparency and community engagement, Web 3 Dollar (USD3) is well-positioned to become a leading stablecoin in the DeFi space.

The USD3 token has a total market capitalization of $7,335,098, with a stake pool value of $676,144. The protocol's revenue distribution buffer stands at 0.15% of the market capitalization, with a current value of $21,116.73. This buffer ensures that the protocol can distribute collateral yields as revenue when the backing buffer is full, providing a stable source of income for RToken holders and RSR stakers.