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Hyperstable

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Category: DeFi

Hyperstable

Hyperstable is a decentralized finance (DeFi) protocol offering a crypto-backed, over-collateralized stablecoin called USH. The protocol operates on a dual-token system with USH, the stablecoin, and PEG, the governance token. Users can borrow USH by depositing accepted cryptocurrency collateral into non-custodial vaults. The system is designed to maintain a peg to one US Dollar and features automatically adjusted on-chain interest rates. Hyperstable incentivizes growth and user participation through various mechanisms, including voter incentives, referral bonuses, and borrowing rebates. The protocol also allows users to earn rewards by providing liquidity (farming) or by locking PEG tokens to receive vePEG, which grants governance power, revenue sharing from protocol fees, and protection from dilution. The platform has been audited by several security firms, including 0x52, 0xKato, and Pashov Audit Group.
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Funding Rounds

Funding Round: Public Sale
Funding Date: 1 Mar, 2025
Raised Amount: $382K