Mechanics

How It Works

cUSD turns idle dollars into working dollars. Deposit USDG, hold cUSD, and your balance grows on its own. Here is the whole flow.

1:1 backedNo lock-upNo claim stepVariable yield
01
Deposit USDG

Bring USDG on Robinhood Chain and approve the amount you want to convert. Your deposit goes into the vault and is held as backing.

02
Receive cUSD 1:1

The vault mints you an equal dollar amount of cUSD. One USDG in, one cUSD out — no fee, no slippage, no price to negotiate.

03
Earn every second

Your cUSD balance grows continuously from the moment it arrives. No staking, no lock-up, no claiming. Holding is the whole strategy.

04
Redeem or pay

Burn cUSD to get USDG back at its current value, or just send cUSD to anyone — they keep earning on it automatically.

Why your balance grows

cUSD is a rebasing token. Instead of paying you a separate reward, the number in your wallet increases. Internally you hold a fixed number of shares, and your balance is those shares multiplied by a global index that grows over time.

your balance = your shares × index

Because the index is calculated from the current timestamp on every read, the growth is continuous. You do not need to send a transaction or wait for a distribution — the value is already yours.

You hold
Shares (fixed)

Never changes unless you mint, redeem, or transfer.

Protocol moves
The index

Grows with yield, drops if the treasury takes a loss.

You see
A rising balance

Shares × index, recomputed live every second.

Everyone is treated the same

Because yield flows through a single shared index, every holder is affected in exact proportion to what they hold. Someone with 10 cUSD and someone with 10,000 cUSD earn the same percentage. There is no queue, no tiering, and no advantage to acting first.

The same is true in the other direction: if the treasury reports a loss, it is shared pro-rata rather than falling on whoever redeems last.

Start earning

Connect a wallet on Robinhood Chain, approve USDG, and mint. It takes two transactions.