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Tokenomics​

YLD​

YLD is a yield-bearing token minted alongside USST. Issued as an ERC-1155 NFT, it represents the interest accrued from a specific RWA position. Each YLD token is linked to a vault and updates dynamically with yield earned.

  • Non-fungible: Each token has unique metadata.
  • Accrues real yield based on RWA performance and maturity schedules.

USST​

USST is STBL’s native governance and value accrual token. It is distributed via protocol incentives (e.g., Mint-to-Earn, staking), and can be staked or time-locked for voting rights and reward shares.

  • sUSST: Time-locked staking version of USST, granting boosted governance power and fee participation.
  • Deflationary utilities may be added via protocol buybacks or utility sinks governed by the DAO.

Overall, the token model balances liquidity (USST), yield (YLD), and governance (USST) in a cycle that aligns usage, growth, and sustainability.