USDR Mechanics (The Unified Debt Layer: Funding Full-Stack Infrastructure)

• Deposit & Mint (The Infrastructure Bond): Users deposit USDT/USDC to receive USDR (receipt token). Optionally, stake USDR → sUSDR in the yield vault. These funds act as the "Senior Debt" of the ecosystem, financing the physical foundation of AI.

• Where Funds Go (Hybrid Allocation): The USDR Vault employs a conservative "Treasury + Credit" strategy to maximize safety and liquidity:

  • The Anchor (US Treasury Bills): The majority of user deposits are allocated to liquid, on-chain US Treasury Bill ETFs. This ensures a "Risk-Free" yield floor and easy redemption.

  • The Lending Pool (Credit): The remaining capital is lent to verified Compute and Power infrastructure providers to fund operations.

• How You Earn (The Enhanced Yield): sUSDR stakers receive a composite APY derived from:

  • Base Yield: The yield generated by the underlying US Treasury Bills.

  • Boost Yield: The interest paid by borrowers (infrastructure providers) on the Lending portion."

  • Liquidity Discipline: To protect the long-term operations of physical infrastructure, redemptions are subject to cooldown windows, ensuring orderly settlement for both liquidity providers and operators.

  • Composability: USDR and sUSDR are fully ERC-20 compatible, designed for integration with external DeFi protocols (lending markets, yield aggregators) subject to governance approval.