USDhy: Gateway to Strategy Vaults
USDhy serves as the gateway token in HYYY's vault ecosystem, enabling users to enter the protocol's strategy vaults. Created through 1:1 conversion of USDC in the Gateway Vault, USDhy provides the foundation for accessing various yield-generating strategies.
Core Mechanics
USDhy maintains its dollar peg through:
- 1:1 backing with USDC in the Gateway Vault
- Seamless conversion process
- Instant liquidity for entry and exit
- Transparent on-chain verification
Strategy Tokens Overview
When USDhy is staked in strategy vaults, users receive corresponding yield-bearing tokens:
- stUSDhyy-C: Conservative vault strategy token
- stUSDhyy-B: Balanced vault strategy token
- stUSDhyy-A: Aggressive vault strategy token
Each strategy token:
- Automatically accrues yield from its specific vault strategy
- Represents ownership in the strategy's performance
- Can be used as collateral in compatible DeFi protocols
- Has unique risk-reward characteristics
Integration with Hyperliquid
As a Hyperliquid-native stablecoin, USDhy enjoys several unique advantages:
- Seamless trading experience with CEX-grade performance
- Deep liquidity through direct DEX integration
- Transparent on-chain position management
- Reduced transaction costs and improved efficiency
Use Cases
USDhy and strategy tokens serve multiple purposes in the DeFi ecosystem:
- Entry point for HYYY's strategy vaults
- Yield generation through strategy-specific staking
- Trading pairs on Hyperliquid
- Collateral for future DeFi protocols
- Settlement currency for cross-chain transactions
Risk Management
Our commitment to stability is reflected in our comprehensive risk management framework:
- 24/7 AI-powered position monitoring
- Multi-layered security protocols
- Regular smart contract audits
- Emergency shutdown procedures
Getting Started
Users can interact with USDhy through multiple pathways:
- Convert USDC to USDhy in the Gateway Vault
- Stake USDhy in strategy vaults to receive strategy tokens
- Trade strategy tokens on supported platforms
- Use strategy tokens as collateral in partner protocols
The combination of USDhy and strategy tokens forms the foundation of our vision for a more efficient, transparent, and sustainable DeFi ecosystem built on next-generation DEX infrastructure.