Get / Stake

How to get USDest, stake it for sUSDest, and request redemptions.

Restricted

The App is not available to US persons, persons in the United Kingdom, or persons in sanctioned jurisdictions. See Terms of Service.

Action	Who can do it
Mint / redeem USDest against USDC	Approved institutions only
Buy / sell USDest or sUSDest on secondary markets	Anyone
Hold, transfer, stake, request redemption	Anyone

Getting USDest

USDest does not accrue yield. Stake USDest to earn.

Select the GET tab in the transaction modal
Select the input token (for example USDC) and the network
Enter the amount
Review the route and price. The App routes the swap through supported DEX pools
Click Approve to let the router spend your tokens
Click Swap

Approved institutions can mint USDest 1:1 against USDC instead. See Mint USDest.

Staking your USDest

sUSDest is not a stablecoin. Redemptions are processed at epoch close, and value can fall if a bond issuer defaults.

Select the STAKE tab in the transaction modal
Enter the amount of USDest to stake
Review the terms, including the current deposit share price
Click Approve to let the sUSDest vault spend your USDest
Click Stake

USDest to sUSDest is not a 1:1 conversion. sUSDest accrues yield, so you receive fewer sUSDest than the USDest you stake, and more USDest per token when you redeem. The deposit price includes coupon already accrued. See Deposit & Redemption Prices.

Unstaking your sUSDest

Select the UNSTAKE subtab within the STAKE tab
Enter the amount of sUSDest to redeem (minimum 1 sUSDest)
Review the terms: next epoch close, estimated USDest at the current redemption share price, and the current queue ahead of you
Click Request Redemption
After your request is serviced at epoch close, go to Portfolio → Redemption Requests and click Claim

Need to exit now?

Sell sUSDest in a DEX pool from the GET tab. The price may differ from the redemption share price.