kUSD: Stability Meets Innovation
Kalijo USD (kUSD) is Zilliqa’s first native stablecoin, combining the security of being 1:1 backed by USDT and USDC with the growth potential of yield farming. Built for the Zilliqa ecosystem, kUSD offers a stable, innovative tool for DeFi users, providing liquidity, stability, and flexibility.
kUSD is the first native stablecoin on Zilliqa, delivering unmatched liquidity and trading opportunities, exclusively available on PlunderSwap.
Minted from yield generated by USDT/USDC investments across large-cap protocols, kUSD ensures stability while growing through yield farming. Each kUSD is fully collateralized by USDT and USDC, making it a highly secure stablecoin.
By staking SEED, users earn both SEED and kUSD rewards, offering growth and stability in one ecosystem.
Mint
In Phase 3, users will be able to automatically mint $kUSD by depositing into a contract.
Trade
Use PlunderSwap.com to seamlessly swap $ZIL or $SEED to $kUSD and vice-versa.
Earn
By staking SEED, users earn both SEED and kUSD rewards, offering growth and stability.
Burn
A portion of the yeild from farming USDC/USDT will be used to buyback and burn SEED.
Grow
kUSD looks to establish a circular economy by farming yields and importing that value back into Zilliqa.
Yield
The assets backing kUSD will be used to generate yield, which will be used to over-collaterize the 1:1 backing.
What is kUSD?
Kalijo USD (kUSD) is a fully-backed stablecoin built on the Zilliqa blockchain, pegged 1:1 to the US Dollar, and collateralized by USDT and USDC stablecoins. It provides a stable digital asset for DeFi activities without the volatility of traditional cryptocurrencies.
How is the value of kUSD maintained?
kUSD is backed by reserves of USDT and USDC, which ensures that every kUSD is always redeemable for its equivalent in US Dollars, maintaining its value through these trusted stablecoin reserves.
How do I use kUSD?
You can use kUSD for a variety of purposes, including staking, trading, providing liquidity on decentralized exchanges, or simply holding it as a stable asset in your wallet. kUSD is integrated with Zilliqa, offering low-cost transactions and easy interactions with DeFi platforms.
Is kUSD only available on Zilliqa?
While kUSD is natively built on the Zilliqa blockchain, it can be bridged and used across other blockchains as well, making it a flexible tool for users engaged in multi-chain DeFi ecosystems.
How do I earn yield with kUSD?
You can earn yield by participating in various staking and liquidity farming opportunities offered through Zilliqa and other blockchain platforms that support kUSD. By staking or providing liquidity, users can generate passive income while holding kUSD.
Yes, kUSD is fully collateralized by stablecoins USDT and USDC. The assets backing kUSD are visible and verifiable. Every kUSD is matched 1:1 by USDT/USDC reserves, ensuring that the total reserve value will always be greater than or equal to the amount of kUSD minted. Trust, transparency, and security are at the heart of the kUSD stablecoin model. How do I obtain kUSD?
You can obtain kUSD in two ways: 1. Swap for kUSD: You can easily swap other cryptocurrencies such as USDT, USDC, SEED, or ZIL for kUSD on the PlunderSwap DEX. 2. Earn kUSD by Staking SEED: By participating in the SEED staking ecosystem, you can earn kUSD as a reward. When you stake SEED, part of your rewards are paid out in kUSD, giving you access to a stable asset alongside SEED token rewards.