soUSD
Deposit USDC. Receive soUSD. Your balance grows automatically as the protocol generates yield.
Deposit USDC — receive soUSD at the current exchange rate
The protocol deploys your USDC to fund insured loans and hedge positions
Yield accrues from every loan across all markets
Your soUSD balance grows — no action needed
Redeem back to USDC anytime, subject to available liquidity
Where does the yield come from?
Every loan on Stormbit is insured. The borrower's rate includes the cost of that insurance. The protocol hedges each loan and captures the spread between what the borrower pays and the actual hedge cost. That spread, plus interest, is distributed to soUSD holders. More loans, higher LTVs, and higher volatility all increase the yield.
APY
Fluctuates with borrowing volume, LTV mix, and market volatility
Price per share
Exchange rate between USDC and soUSD. Increases as yield accrues
Total deposits
Total USDC deposited by all holders
soUSD vs Markets — soUSD is passive. No market selection, aggregated yield across all loans, lower risk through diversification. One token, one APY. Markets let you choose specific pools for higher potential return with concentrated exposure.
Withdrawal — Your USDC is actively deployed to fund loans and hedge positions. Redemptions are subject to available liquidity.
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