stUSD wallet

stUSD is an on-chain savings solution. It offers the benefits of a Dollar stablecoin, plus a yield. It allows its users to passively earn a native Dollar yield.

stUSD’s yield comes from the returns generated by the assets in USDA backing such as real-world assets (RWAs) like T-bills, and DeFi yield-bearing assets. Part of the yield also comes from interest rate paid by USDA borrowers. By combining yield from both DeFi and TradFi sources in its backing, stUSD offers the best risk-adjusted returns. It ensures stUSD holders always enjoy the highest secure yield effortlessly, requiring no action from them.

The yield earned by holding stUSD is directly reflected in its value. There are no airdrops, no claiming, and no transactions required! Like all yield-bearing tokens (such as wstETH from Lido), stUSD’s value increases over time to reflect both users’ USDA deposit as well as the accumulated yield. Thus, the value of stUSD increases compared to that of USDA, which will always be worth 1 dollar.

Users get stUSD by depositing USDA in Angle savings solution. stUSD is permissionless. Users can deposit any amount, with no fees, and exist at any time. There is no lockup period and no withdrawal fees. Users can also get stUSD by directly swapping their assets on 1inch or Paraswap through Ledger Live. stUSD is currently available on Ethereum, Arbitrum, Optimism and Base.

Angle Protocol is a DeFi Protocol specializing in building resilient stablecoin infrastructures. The Protocol’s main products are USDA, a complete Dollar stablecoin, and EURA (formerly agEUR), the most traded Euro stablecoin. Known for its innovative stablecoin mechanisms and reliability, Angle is ranked among the safest DeFi protocols on DeFiSafety. Backed by Andreessen Horowitz (a16z), Angle operates as a Decentralized Autonomous Organization (DAO), ensuring community-driven governance with its veANGLE token used for voting governance proposals. Angle Labs, the main contributor to Angle Protocol, also powers Merkl, a platform enabling foundations, DAOs and protocols such as Arbitrum, Uniswap or Aave to create tailored and efficient onchain incentive programs to optimize their liquidity and growth.

When you first buy tokens, you’re issued with two keys: public and private.

• A public key serves as an address that can be shared with other parties to perform transactions.
• A private key represents a randomly generated number that signs transactions and protects your assets from malicious attacks. If it gets compromised or lost, you won’t be able to access your hardware wallet to spend, withdraw, or transfer your cryptos.

To safeguard and keep track of your keys, you can use online or offline wallets. Online wallets, also known as hot wallets, store private keys on systems or devices that are connected to the internet. Hot wallets are easy and convenient to use, however, they come with several drawbacks. Besides being susceptible to attacks and a honeypot for hackers, with hot wallets, the custody of private keys is often entrusted to a third party such as a crypto exchange, which means you never have full control over your funds. The safer choice is specialized hardware wallets that store private keys offline. Stealing private keys from a hardware wallet would require physical access to the wallet and the corresponding PIN or the recovery phrase. What’s more, with a hardware wallet, you don’t need to rely on third-party custodians.

Ledger Nano is the industry-leading hardware wallet. With more than five million customers, Ledger Nano wallets have several layers of security that protect private keys, and hence your assets:

• Your private keys are stored on secure element chips.
• A PIN code and a 24-word recovery phrase are required to access the wallet.
• Ledger Nano crypto wallets have been built using highly durable materials for protection against physical damage.

With full isolation between private keys and your computer/mobile, Ledger Nano hardware wallets keep your keys secure and give you complete control over your assets.