$USN & $sUSN
Noon issues two stablecoin-related tokens. This page explains what each is, how they differ, and how they relate.
$USN
$USN is Noon's dollar-pegged stablecoin, designed to hold a value of one US dollar. You can hold it, transfer it, and use it across deployed chains. $USN does not earn yield from the protocol's returns. $USN holders earn rewards, which can translate to Noon's governance token.
$USN is backed by a USD-denominated reserve. Rather than sitting in cash, that reserve is deployed across diversified, income-generating strategies. This allows the protocol to pass yield to stakers.
The full set of strategies is documented in The Yield Engine.
$sUSN
$sUSN is staked $USN. When you stake $USN, you receive $sUSN. $sUSN is the token through which protocol yield accrues over time.
Unstaking $sUSN back to $USN is subject to a 7 day cooldown.
Of the protocol's distributable returns, 80% flows to $sUSN holders.
Deployments
$USN and $sUSN are deployed across multiple chains. Always verify the canonical contract for your chain on Contracts and addresses before interacting.
Live Chains
Where to go next
Deciding between them → $USN or $sUSN?
How returns are generated → Return Generation
How returns are split → Return Distribution
Moving across chains → To learn more - Cross-Chain Interoperability and for operational details- Bridging
Getting $USN → How to Buy Noon Assets
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