The wait is over. We proudly present our first synthetic asset: sUSD! ๐
sUSD is not just an asset; it's the engine that will power the entire system. This native stablecoin on the Terra Classic network was chosen for a specific reason: it will serve as a stress test for the protocol.
It is designed for maximum security, with 150% over-collateralization, thus guaranteeing stability and a safer, more accessible financial system.
Its role is crucial: it will democratize market access and minimize risks for all investors.
Users will be able to mint, trade, and liquidate sUSD at:
selenium.finance
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Why sUSD was Chosen as the First Asset.
The goal is to test the system with a low-liquidation-risk asset while still offering the same arbitrage opportunities that users expect. sUSD is a synthetic dollar collateralized with on-chain assets.
Initially, users will be able to use USDC, LUNC, USTC, and bLUNC as collateral, but other assets like SELE, TERRA, and JURIS will be added soon.
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What's Next After the sUSD Launch?
A few days after the initial release, the liquidity incentivization system will be activated.
The second synthetic asset will be added soon after, and new synthetics will continue to be released on a regular basis.
The future of decentralized finance is here, and it's today. Are you ready to mint sUSD and be part of this revolution?
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