Staked Axis USD (sUSDx) stablecoin analytics
Answer First
What is Staked Axis USD (sUSDx)?
sUSDx is Axis's USDx rewards vault; vested rewards raise its share value, while exits require a cooldown and permissioned queue servicing. The static profile records its USDx-denominated NAV accounting mechanism as: Users deposit USDx for ERC-4626 shares whose exchange rate rises as funded rewards vest.
Is sUSDx safe?
Pharos does not mark sUSDx as absolutely safe. Static metadata says Staked Axis USD uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with curated reserve profile; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Staked Axis USD (sUSDx) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg USDx-denominated NAV.
Variant Relationship
Staked Axis USD (sUSDx) is modeled as a savings variant of Axis USD (USDx). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
AI summary / Updated Oct 2, 2026
sUSDx is the accumulating savings receipt for USDx, not a second independently backed dollar. Realized strategy rewards vest into the vault's accounted assets, increasing each share's USDx claim while leaving the underlying exchange-held trading risks intact. Redemption burns shares into a pending request, waits through the configured seven-day cooldown and still requires a privileged servicer before assets become claimable.
- Collateral
- Canonical USDx deposited into Axis's Ethereum StakedUSDx vault. Active principal and vested USDx rewards back outstanding shares; funded but unvested rewards and pending or claimable redemption liabilities are excluded from totalAssets and share pricing. Upstream USDx portfolio, venue and hedge risks remain inherited.
- Peg Mechanism
- Users deposit USDx for ERC-4626 shares whose exchange rate rises as funded rewards vest. ERC-7540 requestRedeem burns shares and reserves USDx inside the vault; after the configured cooldown, a privileged servicer makes the request claimable. The cooldown was 604800 seconds at Ethereum block 26107703 on October 2, 2026, but does not guarantee completion after seven days. previewRedeem and previewWithdraw revert because exits are asynchronous; still-pending requests may be cancelled.
- Jurisdiction
- British Virgin Islands
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Ethereum.
Next Actions
Exact bot target: /subscribe dews,depeg,safety susdx-axis
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Oct 2, 2026.
sUSDx quick answers
What is Staked Axis USD (sUSDx)?
sUSDx is Axis's USDx rewards vault; vested rewards raise its share value, while exits require a cooldown and permissioned queue servicing. The static profile records its USDx-denominated NAV accounting mechanism as: Users deposit USDx for ERC-4626 shares whose exchange rate rises as funded rewards vest.
Is sUSDx safe?
Pharos does not mark sUSDx as absolutely safe. Static metadata says Staked Axis USD uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with curated reserve profile; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs sUSDx?
Pharos classifies sUSDx backing as Crypto-Collateralized. Collateral, per the static profile: Canonical USDx deposited into Axis's Ethereum StakedUSDx vault. Reserve evidence: curated reserve profile.
Can sUSDx be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for sUSDx, when applicable, appear in the dossier below.
