Profile
sUSN profile facts
Staked USN (sUSN) static profile: governance model CeFi-Dependent; backing model Real-World Asset Backed; peg USN-denominated NAV.
Variant relationship
Staked USN (sUSN) is modeled as a savings variant of Noon USN (USN). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
- Collateral
- USN deposited into Noon's staking wrapper; backing inherits the Accountable-disclosed private credit, funding-rate arbitrage, CLO, DeFi lending, and Treasury-bill reserve mix
- Peg mechanism
- Stake USN to receive sUSN; sUSN appreciates against USN as Noon strategy yield accrues, while final exits inherit Noon's 1:1 USN mint/redeem and reserve-liquidity constraints
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- Real-Time PoR by Accountable Reserve source
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
sUSN quick answers
5
What is Staked USN (sUSN)?
sUSN is Noon's staking wrapper of USN; share price accrues yield from a reserve led by private credit, plus funding-rate arbitrage, DeFi lending, and T-bills. The static profile records its USN-denominated NAV accounting mechanism as: Stake USN to receive sUSN; sUSN appreciates against USN as Noon strategy yield accrues, while final exits inherit Noon's 1:1 USN mint/redeem and reserve-liquidity constraints.
Is sUSN safe?
As of Nov 8, 2026, Pharos grades sUSN C- (54/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to whitelisted primary-market participants. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs sUSN?
Pharos records sUSN's reserves as of Oct 3, 2026 as 100% USN staking wrapper shares. Reserve evidence: Real-Time PoR by Accountable. Pharos classifies the backing as Real-World Asset Backed.
Can sUSN be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem sUSN?
Under the route Pharos reviewed on Sep 22, 2026, whitelisted primary-market participants can redeem sUSN for a single stable asset, such as cash or a stablecoin. Settlement takes multiple days. The reviewed terms charge no percentage redemption fee. Whether a given holder qualifies is set by the route's own terms, not by this summary.
