USR

USR is a stablecoin fully backed by ETH collateral. Key features of USR:

• It can be minted and redeemed by users for liquid collateral on 1-to-1 basis.

• USR is overcollateralized. In addition to 100% collateral, there is an insurance layer formed by liquid ETH. Insurance layer token is RLP.

• USR is a utility token - it holds value of $1. It does not bear yield.

• Users can stake USR to get yield. Staked USR (stUSR) is a yield-bearing version of USR.