A modified XUSD fork, STS+ is a stable-backed asset designed to be a value anchor of the Stasis Network ecosystem. STS+ will be 100% collateralized with USDC stablecoin, and mechanically the token cannot depreciate. Due to Stasis Network's unique Dynamic Strategies, STS+ now has an activity utility, pushing volume through the token, causing it to appreciate more rapidly.

how sts+ works

From a technical standpoint, USDC is deposited into the smart contract, and and equal amount of STS+ is minted, minus the 1% Buy Tax. To cash out STS+, those tokens are redeemed and destroyed, minus the 1% Sell Tax. The user receives USDC from the contract. This is the only way someone can remove USDC from the STS+ contract.

STAY connected

Sign up for Stasis Network updates and protocol news.
Your email address has been submitted successfully.
Oops! Something went wrong.