DEADBOX is a multi-chain Web3 ecosystem of three interlocking tokens — $DEAD (deflationary), $uDEAD (dividend-paying), and $USDeAD (ETH-backed stablecoin) — where all fee revenue flows to the community instead of a company treasury. Live on 7 EVM chains: Base, Ethereum, Arbitrum, Optimism, BNB Chain, Scroll, and MegaETH. USDeAD additionally bridges to Monad, HyperEVM, Solana, and Tron.

$DEAD is a deflationary ERC-20 token with a fixed hard cap of 1 billion. No new tokens can ever be minted; supply only decreases through two on-chain burn sinks: minting $uDEAD (permanently burns $DEAD at a 2:1 ratio) and Grave Digging (burns 40% of reclaimed tokens from long-inactive wallets). $DEAD uses LayerZero OFT for cross-chain transfers.

How do $uDEAD dividends work?

$uDEAD is minted by permanently burning $DEAD at a 2:1 ratio (burn 2 $DEAD to mint 1 $uDEAD). Holders receive automatic ETH dividends streamed directly to their wallets from ecosystem revenue — trading fees, USDeAD vault exit fees (50% of the 1% exit fee), and USDeAD liquidation surpluses. No staking, no claiming — dividends stream automatically. Because total $uDEAD supply can only shrink, your share percentage grows over time.

What is USDeAD and how is it backed?

USDeAD is an over-collateralized ETH-backed decentralized stablecoin. It is minted by depositing WETH, wstETH, or rETH into a vault. The recommended collateral ratio is 200%; vaults below the 115% liquidation threshold become liquidatable by any user (permissionless, no grace period). The protocol charges 0% interest — only a one-time 1% exit fee, 50% of which streams to $uDEAD holders and 50% to the treasury.

What is the Deaderal Reserve Protocol?

The Deaderal Reserve Protocol (DRP) is the open, Liquity-inspired CDP protocol behind USDeAD. It consists of two core contracts: the DeaderalReserveProtocol contract (manages vaults, deposits, mints, repayments, and the liquidation lifecycle) and the Stability Pool (absorbs liquidated debt and distributes collateral gains to USDeAD depositors). Official docs: https://usdocs.dead.box/

On which chains is DEADBOX available?

DEADBOX is live on 7 EVM chains: Base (primary), Ethereum, Arbitrum, Optimism, BNB Chain, Scroll, and MegaETH. Cross-chain $DEAD / $uDEAD transfers use LayerZero OFT. USDeAD vault operations are live on Ethereum, Base, Arbitrum, Optimism, Scroll, and MegaETH (in public beta); USDeAD itself additionally bridges as a non-lending token to BNB Chain, Monad, HyperEVM, Solana, and Tron.

How is the USDeAD liquidation surplus distributed?

When a USDeAD vault is liquidated with surplus collateral above the debt, the surplus is split: 50% to Stability Pool depositors as extra yield, 24% to the Vault Distributor, 12% to the treasury, 12% to $uDEAD holders, and approximately 2% to the liquidator (watchdog) as an incentive.

Learn/Developers

Whitelabel Stablecoins on DRP

How to create a whitelabel stablecoin on DRP

6 min readDevelopers

The simplest product you can build on the Deaderal Reserve Protocol is a whitelabel stablecoin. This is a proxy contract that wraps USDeAD into a new token with your own name, symbol, and branding.

How It Works

Your proxy contract takes a user's ETH (or wstETH/rETH), passes it through to the DRP, deposits the collateral, mints USDeAD, then wraps the USDeAD into your branded stablecoin. The user receives your token (e.g. 'myUSD') which is 1:1 backed by USDeAD, which is itself backed by ETH/LST collateral held above the 115% liquidation threshold. When users redeem, the process reverses: unwrap, burn USDeAD, withdraw collateral.

Beyond Stablecoins

The same proxy pattern works for any synthetic asset. Instead of pegging to USD, you could create tokens pegged to gold, oil, or any other price feed. You can also connect the proxy to AI agent standards so automated systems can open vaults, manage positions, and handle liquidations.

Fee Structure

The 1% exit fee is fixed and non-negotiable -- it's hardcoded in the DRP contract. However, you can add your own minting fee on top. For example, charge 0.5% on mint linked to your wallet or a community token distribution contract. This gives you a sustainable revenue model while your users still benefit from 0% ongoing interest.

Building on DeadBox