dUSD
dUSD is the planned tokenized form of the yield engine behind Income: Funding Rates. It exists so the same delta neutral yield can be held as a transferable, composable token across DeFi.
Nothing on this page describes a product you can buy, mint, or hold today. The launch date remains to be confirmed by the Deploy Finance team.
How dUSD custody works
Each dUSD is intended to be backed 1:1 by USD-denominated collateral, USDC and USDT, held with institutional MPC custodians. A minting contract validates signed orders, checks collateral ratios, and routes funds only to whitelisted custodian addresses.
This custody model differs from the agent wallets, which are self-custodial. Both statements are accurate and answer different questions.
Access and redemption
- Primary issuance is gated to KYC- and KYB-verified users and mints onchain in the same transaction.
- Secondary acquisition is permissionless, on Uniswap and other public pools.
- Primary redemption runs on a roughly one-week (T+7) window, allowing an orderly unwind.
- Secondary sale is available at any time, subject to liquidity.
Initial chain is Ethereum, expanding later.
What dUSD is not
Not the settlement currency for agents. Not a deposit asset for Income: Funding Rates or Super Perps. Not a wrapped stablecoin.