Peg
SuperUSD is designed to be 1:1 pegged to 1 USDC at all times.
There are the main ways that this peg is maintained over time:
Anyone can mint 1 SuperUSD with 1 USDC, ensuring that 1 SuperUSD never trades above 1 USDC
Anyone can redeem 1 SuperUSD for 1 USDC with a short redemption delay period. So if SuperUSD is trading below its peg, you can buy SuperUSDC and redeem it to perform an arbitrage
SuperUSD is paired with other stablecoins in liquid DEX LP pools to ensure users can exit SuperUSD with low slippage
In the case of an expected large depeg, the team can utilize its treasury to perform the arbitrage and bring the price back to par
While SuperUSD is backed by a carefully vetted selection of assets, the SuperUSD's peg is also backstopped by an insurance fund. This insurance fund is funded by performance fees and contains a basket of market leading stablecoins (USDC / USDT), providing a buffer in times of emergency and volatility.
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