mazUSD is a multi-asset backed stablecoin integrated into the Mazen protocol. It’s designed as a 100% collateralized RWA stablecoin, pegged to a basket of stable assets. The backing assets include other RWA tokens, USDM, USDC, USDT, sUSDe, FRAX..etc.

mazUSD offers dynamic yield to investors, with returns calculated and distributed approximately every 24 hours. This yield is allocated to token holders and liquidity providers.

A key feature of mazUSD is its role in the protocol’s incentive structure. Liquidity pairs involving mazUSD (such as mazUSD/ETH) receive APY bonuses. Moreover, the yield generated from the RWA assets is used to automatically bribe voters for mazUSD-related pools.

This mechanism aims to create a sustainable, self-reinforcing flywheel effect. By providing a consistent source of bribes, it addresses the challenge of maintaining long-term incentives in the ve(3,3) model. The goal is to ensure stable liquidity and ongoing interest in mazUSD pairs, contributing to the overall health and growth of the Mazen ecosystem.

Bribe & RewardsCrosschain Support