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/Guides

How to Mint uDEAD

Step-by-step guide to converting your $DEAD tokens into revenue-earning $uDEAD.

4 min readGuides

Minting $uDEAD is the process of permanently burning $DEAD tokens to create $uDEAD at a 2:1 ratio. This is a one-way conversion: once you mint, the $DEAD is gone forever and you receive $uDEAD that earns passive dividends. Make sure you understand the trade-off before proceeding.

Get $DEAD tokens in your wallet. You can buy $DEAD on a DEX like Uniswap on Base, or through any supported chain where $DEAD is traded.
Navigate to the uDEAD section at dead.box/udead. Make sure your wallet is connected and you are on the Base network.
Enter the amount of $DEAD you want to convert. Remember the 2:1 ratio: entering 1,000 $DEAD will mint 500 $uDEAD.
Click "Approve" to allow the contract to spend your $DEAD tokens. Confirm the approval transaction in MetaMask.
Click "Mint" to execute the conversion. Confirm the transaction in MetaMask. Once confirmed, your $uDEAD will appear in your wallet and you will immediately start earning dividends.

Irreversible Action

Minting uDEAD is permanent. The $DEAD tokens you burn are destroyed forever and cannot be recovered. There is no way to convert $uDEAD back to $DEAD. Only convert an amount you are comfortable with permanently committing to the revenue-sharing layer.

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