The decentralized finance (DeFi) space continues to evolve, and with it comes innovative products like Sperax USD (USDs), a yield-generating stablecoin that is reshaping the way investors approach passive income. Whether you’re a crypto enthusiast or an investor looking for secure, auto-compounding yields, USDs offers an attractive option. In this guide, we’ll provide an overview of USDs, explain why it’s worth your attention, and show you how to buy and sell USDs.
Overview of USDs
Sperax USD (USDs) is a stablecoin that operates natively on Arbitrum, the largest Layer-2 ecosystem of Ethereum. What makes USDs unique is its auto-yield feature, allowing holders to earn passive income directly in their wallets without the need for staking, claiming, or paying gas fees. This organic yield is generated from collateral sent to decentralized finance protocols, making USDs a simple and reliable way to grow wealth passively.
Unlike traditional stablecoins, USDs is 100 percent backed by a diversified basket of whitelisted stablecoins, ensuring its value remains stable and secure. With cheaper transaction fees on Arbitrum, USDs is retail investor-friendly and has already gained substantial traction, reaching a Total Value Locked (TVL) of 20M dollars within the first two months of its launch. It represents a hybrid model that combines the best elements of existing stablecoins, making it a highly scalable and decentralized financial product.
Why Should You Buy USDs?
Investing in USDs offers a range of advantages that make it stand out in the stablecoin space. Here are some compelling reasons to consider buying USDs:
1. Grow Your Wealth Effortlessly
USDs is designed to generate auto-yield without any need for user intervention. Holders of USDs automatically earn passive income simply by holding the token in their wallet. Unlike traditional DeFi models that require users to stake or claim rewards manually, USDs eliminates these steps and ensures a hassle-free earning experience.
2. Highly Secure & Incredibly Reliable
USDs is 100 percent backed by a diversified basket of stablecoins, making it one of the most secure stablecoins in the market. Additionally, its backing model, combined with thorough audits of the decentralized protocols it uses, ensures that your assets remain safe.
3. Enjoy the Convenience of Instant Withdrawals
Unlike some DeFi protocols where withdrawing funds can be complex or costly, USDs allows for seamless, gasless withdrawals. This means you maintain complete control over your funds, with instant access whenever you need it.
4. Layer 2 Native
Operating on Arbitrum, USDs benefits from cheaper transaction fees compared to Ethereum’s Layer-1, making it a cost-effective option for traders and retail investors.
5. No Action Required for Earning
The yield on USDs is automatically credited to your wallet without requiring any action on your part. This feature ensures that your investment is constantly growing through auto-compounding yield, boosting your wealth over time.
With these benefits, USDs is not just another stablecoin but an integral part of the growing DeFi landscape, providing security, scalability, and consistent returns.
How to trade USDs on KoinBX?
Trading USDs on KoinBX is simple and convenient. If you don't already have an account, start by visiting the KoinBX website to register and set up your account. Once registered, deposit funds through a bank transfer or crypto deposit. After funding your account, choose your preferred trading pair—USDS/INR or USDS/USDT. Decide on the amount of USDs you want to trade, and then place your limit order to complete the transaction.
How to Buy USDs on KoinBX?
- Sign up with KoinBX Web portal/App.
- Fill in the mandatory details to create an account.
- Click on the Activation Link shared to your registered email ID.[Once the Email verification is done, you have successfully completed the account registration with us]
- Complete your KYC verification process.
- Add your bank account.
- Deposit Fiat/Crypto to your KoinBX account.
- On the trade page, click the 'Buy' option.
How to Sell USDs on KoinBX?
- Sign up with KoinBX Web portal/App.
- Fill in the mandatory details to create an account.
- Click on the Activation Link shared to your registered email ID.[Once the Email verification is done, you have successfully completed the account registration with us]
- Complete your KYC verification process.
- Add your bank account.
- On the trade page, click the 'Sell' option.
- Enter the Price Limit and amount for placing the order.
Download KoinBX Android App | Download KoinBX iOS App
Follow KoinBX On
Twitter | LinkedIn | Instagram | Telegram Group | Telegram Channel | Facebook | YouTube | Medium | Pinterest
Disclaimer: Any financial and crypto market information shared should not be considered investment advice. It is for informational purposes only. Conduct your own research before making investment decisions. Crypto trading is unregulated and highly risky. There may be no regulatory recourse for any loss of such transaction
Comments