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.

What collateral does USDeAD accept?

USDeAD vaults accept three ETH-denominated collateral types: WETH (Wrapped Ether), wstETH (Lido wrapped staked ETH), and rETH (Rocket Pool ETH).

What is the minimum collateral ratio to mint USDeAD?

You must keep the vault above the 115% liquidation threshold at all times. A 200% C-Ratio is recommended as a safety buffer against ETH volatility — that leaves 85 percentage points of headroom. A subset of protocol parameters can be adjusted by the paramSetterAdmin multisig under a 48-hour timelock.

Does USDeAD charge interest?

No. USDeAD vaults charge 0% APR. The only cost is a one-time 1% exit fee when you close your position and withdraw collateral.

How is the 1% exit fee distributed?

The 1% exit fee is split 50/50 between the protocol treasury and $uDEAD holders (via the already-deployed uDEAD distributor contract).

How is the liquidation surplus split?

When a vault is liquidated with surplus 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 ~2% to the liquidator (watchdog).

What is the Watchdog system?

Liquidations are permissionless. Anyone can monitor vault collateral ratios on-chain and trigger liquidations on vaults below the 115% threshold. Watchdogs earn ~2% of the liquidation premium as an incentive for protecting protocol solvency.

В эфире · Бета

USDeAD

Стейблкоин, который делится доходом с сообществом

Предоставить LP на Curve Читать Docs

Total ETH Locked

1.717 ETH

≈ $3,659.135523

USDeAD Minted

2.54K USDeAD

across all chains

Global C-Ratio

143.6%

healthy

Protocol Health

71.8%

average

How USDeAD works in 60 seconds

3 steps

The 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 · live

USDeAD 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

$USDeAD

Live 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	0x9Bc2C2…11DEAd	2K	93.5%
Ethereum	0x9Bc2C2…11DEAd	7	0.3%
Arbitrum	0x9Bc2C2…11DEAd	13	0.5%
Optimism	0x9Bc2C2…11DEAd	0	0.0%
Scroll	0x9Bc2C2…11DEAd	0	0.0%
MegaETH	0x23A873…Bbdead	144	5.7%
BNB Chainbridge-only	0x9Bc2C2…11DEAd	0	0.0%
Monadbridge-only	0x41201e…05dead	—	—
HyperEVMbridge-only	0x7f71d0…70F289	—	—
SolanaSPL · non-EVM	CeALVyCe…GSC5sg	—	—
TronTRC · non-EVM	TCReUYWr…eMVciJ	—	—

USDeAD Markets

live

Where to trade or provide liquidity for USDeAD. Open the protocol's UI to swap or LP — we don't take a cut.

Curve

Base

USDeAD / USDC

TVL

$2,460.482981

Trade on Curve

Uniswap

Base

USDeAD / USDC

TVL

—

Trade on Uniswap

Kumbaya

MegaETH

USDeAD / USDm

TVL

—

Trade on Kumbaya

USDeAD Multi-Chain Bridge

Move USDeAD seamlessly between chains via LayerZero — Ethereum, Base, Arbitrum, Optimism, Scroll, MegaETH + BNB / Monad / HyperEVM / Solana / Tron.

Open Bridge

Protocol Health by Chain

live

Per-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.

Base

70.8%·average

2.50K USDeAD debt141.6% C-Ratio

MegaETH

100.0%·excellent

44.35 USDeAD debt257.7% C-Ratio

Arbitrum

60.2%·average

2.97 USDeAD debt120.4% C-Ratio

Ethereum

100.0%·excellent

1.40 USDeAD debt237.4% C-Ratio

Optimism

80.8%·good

0.23 USDeAD debt161.7% C-Ratio

Scroll

54.0%·average

0.20 USDeAD debt107.9% C-Ratio

A 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 coming

Total 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

≈ $3,659.135523

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.

Выберите свой уровень

Один протокол, три глубины объяснения — выберите подходящую.

Новичок в стейблкоинах?

Что такое стейблкоин?

Стейблкоин — это цифровой доллар, который живёт в блокчейне. Пока цены большинства криптовалют скачут вверх-вниз каждый день, стейблкоин всегда стоит примерно $1.

Люди используют стейблкоины для хранения стоимости без переживаний о резких скачках цен. Вы можете отправить их кому угодно в мире, мгновенно, без банка-посредника.

Стейблкоины сохраняют стоимость в $1 благодаря реальным активам или крипто в качестве обеспечения — примерно так же, как банк должен хранить достаточно средств для покрытия всех вкладов.

Чем USDeAD отличается?

Большинство стейблкоинов генерируют комиссии и оставляют всё себе. USDeAD переворачивает эту модель — он делится доходом с сообществом.

Другие стейблкоины

FeesCompany Treasury

USDeAD

FeesCommunity (uDEAD Holders)

Как вы получаете выгоду?

1Держите токены uDEAD в кошельке
2Комиссии из хранилищ USDeAD собираются каждый раз, когда кто-то закрывает позицию
3Эти комиссии автоматически распределяются на ваш кошелёк
4Без Staking, без заявок — они просто приходят

Доход поступает вам

Распределение комиссии за выход (1% при закрытии хранилища)

Казначейство

50%

Держатели uDEAD

50%

Распределение излишков ликвидации

Stability Pool

50%

Vault Distributor

24%

Казначейство

12%

Держатели uDEAD

12%

Watchdog

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

50%

uDEAD holders

streamed via dividend distributor

50%

DEADBOX Treasury

protocol development & ops

Liquidation surplus — every time an unhealthy vault is closed

Vault drops below 115% C-Ratio

collateral above debt = surplus

50%

Stability Pool

depositors earn extra yield

24%

Vault Distributor

multisig — protocol incentives

12%

Treasury

DEADBOX ops budget

12%

uDEAD holders

dividend stream

Liquidator

watchdog incentive

What "Beta" means here

Beta · Live

Real funds, real on-chain code, real beta. Read what's locked, what isn't, and where the trust assumptions still sit.

What's already locked

DRP main contract — owner renounced to 0x0
StabilityPool & USDeAD OFT owner = renounced DRP
TreasurySplitter admin role renounced at deploy
Collateral whitelist immutable in source

Still admin-controlled

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.

Verify on chain (BaseScan):DRP OracleManager StabilityPool USDeAD OFT

Часто задаваемые вопросы

USDeAD в эфире в публичной бете. Операции с хранилищами (открытие / заём / погашение / ликвидация) работают на шести EVM-сетях: Ethereum, Base, Arbitrum, Optimism, Scroll и MegaETH — последняя является ключевой сетью ранней фазы наряду с Base. Сам токен USDeAD дополнительно мостится через LayerZero в BNB Chain, Monad, HyperEVM, Solana и Tron, где вы можете держать и переводить USDeAD, но не можете открывать хранилища. Сейчас формируется seed-ликвидность в пуле Curve USDeAD/USDC на Base. Относитесь к системе как к бета-ПО — параметры и интеграции ещё могут меняться до полного запуска.

На момент запуска хранилища USDeAD будут принимать три типа обеспечения: WETH (Wrapped Ether), wstETH (Lido wrapped staked ETH) и rETH (Rocket Pool ETH). Дополнительные типы обеспечения могут быть добавлены в будущем на основе голосования сообщества.

Нет. Хранилища USDeAD взимают 0% годовых на заёмный USDeAD. Единственная стоимость — разовая комиссия 1% при закрытии позиции и выводе обеспечения. Это делает USDeAD одним из самых дешёвых стейблкоинов для Mint и хранения.

Система Watchdog — механизм мониторинга ликвидаций, управляемый сообществом. Любой может отслеживать коэффициенты обеспечения хранилищ ончейн и инициировать ликвидацию хранилищ с коэффициентом ниже 115%. Взамен наблюдатели получают примерно 2% от излишков ликвидации.

Комиссии, собранные с выхода из хранилищ и излишков ликвидации, отправляются в контракт распределения дивидендов uDEAD. Контракт автоматически распределяет вознаграждения пропорционально доле каждого держателя в общем предложении uDEAD.