USDeAD
The Stablecoin That Shares Revenue With Its Community
How USDeAD works in 60 seconds
3 stepsThe fastest tour through the protocol. Three steps, no jargon — drop into the difficulty levels below for depth.
Step 1
Deposit collateral
WETH · wstETH · rETH
Lock ETH or an ETH-equivalent liquid staking token into a vault on a lending chain. Recommended C-Ratio: 200%.
Step 2
Mint USDeAD
0% interest · 115% liquidation
Borrow USDeAD against your collateral with zero ongoing interest. Stay above the 115% threshold to keep your vault safe.
Step 3
Repay + 1% fee
fee shared with uDEAD holders
Close the vault by repaying USDeAD. The one-time 1% exit fee is split 50/50 between uDEAD holders and the DEADBOX treasury.
Your Vaults
read-only · liveUSDeAD vaults across every supported chain for the connected wallet. Manage on us.dead.box — this page is read-only.
Connect your wallet
Connect a wallet to see your USDeAD vaults across every lending chain in one view.
USDeAD Multi-Chain Overview
$USDeADLive supply and verified contract address on every chain USDeAD is deployed. Always confirm the address before trading or bridging — clicking the explorer icon opens the canonical contract page.
| Chain | Address | Supply | Share |
|---|---|---|---|
 BasePrimary | 2K | 93.5% | |
 Ethereum | 7 | 0.3% | |
 Arbitrum | 13 | 0.5% | |
 Optimism | 0 | 0.0% | |
 Scroll | 0 | 0.0% | |
 MegaETH | 144 | 5.7% | |
 BNB Chainbridge-only | 0 | 0.0% | |
 Monadbridge-only | — | — | |
 HyperEVMbridge-only | — | — | |
 SolanaSPL · non-EVM | — | — | |
 TronTRC · non-EVM | — | — |
USDeAD Markets
liveWhere to trade or provide liquidity for USDeAD. Open the protocol's UI to swap or LP — we don't take a cut.
USDeAD Multi-Chain Bridge
Move USDeAD seamlessly between chains via LayerZero — Ethereum, Base, Arbitrum, Optimism, Scroll, MegaETH + BNB / Monad / HyperEVM / Solana / Tron.
Protocol Health by Chain
livePer-chain health, expressed as a percentage of the recommended 200% C-Ratio buffer. Chains at or above 200% show as Excellent. Same framing the us.dead.box dApp uses, so cross-checking won't surprise you.
BaseMegaETHArbitrumEthereumOptimismScrollA per-vault risk-band histogram (At Risk · Warning · Moderate · Healthy) is coming once the indexer aggregates vault state across chains. Until then this gives you the protocol-wide health each chain reports.
Protocol Growth
history comingTotal collateral locked and USDeAD circulating supply over time. The deadbox-api indexer is currently accumulating snapshots — the time-series chart will replace this card once enough history exists for a meaningful curve.
Total Collateral Locked
1.717 ETH
≈ $3,656.885745
USDeAD Circulating
3K USDeAD
across all chains
Time-series chart is on the way
The deadbox-api indexer is snapshotting protocol state across all lending chains. As history accumulates (roughly one snapshot every 5 minutes), this area will switch to a live area-chart of collateral and supply over the last 30 days, similar to the protocol growth chart on us.dead.box.
Choose your reading level
The same protocol explained three ways — pick the depth that fits.
New to Stablecoins?
What is a Stablecoin?
Think of a stablecoin like a digital dollar that lives on the blockchain. While most crypto prices jump up and down every day, a stablecoin is designed to always be worth about $1.
People use stablecoins to store value without worrying about wild price swings. You can send them to anyone in the world, instantly, without a bank in the middle.
Stablecoins keep their $1 value by holding real-world assets or crypto as backing — kind of like how a bank is supposed to hold enough money to cover all its deposits.
What Makes USDeAD Different?
Most stablecoins generate fees and keep every penny for the company behind them. USDeAD flips that model — it shares its revenue with the community.
Other Stablecoins
USDeAD
How Do You Benefit?
- 1Hold uDEAD tokens in your wallet
- 2Fees from USDeAD vaults get collected every time someone exits a position
- 3Those fees are automatically distributed to your wallet
- 4No staking, no claiming needed — it just arrives
Revenue Flows to You
Exit Fee Distribution (1% on vault closure)
Liquidation Surplus Distribution
Where the revenue goes
Two fee streams flow out of the DRP. Both end at uDEAD holders, by design.
Exit fee — paid once per USDeAD position closure
User repays USDeAD
1% exit fee on debt closed
uDEAD holders
streamed via dividend distributor
DEADBOX Treasury
protocol development & ops
Liquidation surplus — every time an unhealthy vault is closed
Vault drops below 115% C-Ratio
collateral above debt = surplus
Stability Pool
depositors earn extra yield
Vault Distributor
multisig — protocol incentives
Treasury
DEADBOX ops budget
uDEAD holders
dividend stream
Liquidator
watchdog incentive
What "Beta" means here
Beta · LiveReal funds, real on-chain code, real beta. Read what's locked, what isn't, and where the trust assumptions still sit.
- DRP main contract — owner renounced to 0x0
- StabilityPool & USDeAD OFT owner = renounced DRP
- TreasurySplitter admin role renounced at deploy
- Collateral whitelist immutable in source
- paramSetterAdmin: Gnosis Safe multisig · 48h timelock on parameter changes
- OracleManager owner: live EOA (key custody disclosed at full launch)
- VaultDistributor: multisig wallet, not auto-distribution
Practical guidance for the beta phase
- Treat USDeAD like any audited-but-young stablecoin: don't park more than you'd be willing to test with.
- Vault parameters can change with 48 hours of advance on-chain notice through the paramSetterAdmin Safe. Watch the schedule events on BaseScan if you care.
- The liquidation threshold is hardcoded at 115% — that's the contract value, not a doc value. Verify any time via
LIQUIDATION_THRESHOLD()on BaseScan. - Vault operations are only live on Ethereum, Base, Arbitrum, Optimism, Scroll, and MegaETH. Everything else is bridge-only.