Staked USN (sUSN) stablecoin analytics
Answer First
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?
Pharos does not assess sUSN as safe: it holds a D Safety Score grade (46/100) in the latest published rating, which flags significant structural risk. Static metadata says Staked USN uses a CeFi-Dependent governance model and Real-World Asset Backed backing, with Real-Time PoR from Accountable; 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 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.
AI summary / Updated Sep 23, 2026
sUSN is the staked form of Noon USN: deposits mint appreciating shares, and the vault backs them entirely with idle USN, its token balance matching totalAssets to the wei at the 2026-09-22 review. Exits run a holder-initiated request and claim rail with no operator step. A withdrawal locks USN in the WithdrawalHandler in the same transaction that records its timestamp, and claimWithdrawal pays once the handler's on-chain seven-day period has passed, while ten whitelisted addresses clear the path in one...
AI summary · drafted by glm-5.3 · facts as of Sep 23, 2026
Sources: Noon sUSN staking vault (Ethereum), Noon WithdrawalHandler (Ethereum), WithdrawalHandler admin timelock (Ethereum), and Noon USN and sUSN documentation
- Collateral
- USN deposited into Noon's staking wrapper; backing inherits Noon's Accountable-disclosed private credit, CLO, DeFi lending, principal-token, 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
Next Actions
Exact bot target: /subscribe dews,depeg,safety susn-noon
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 Sep 23, 2026.
sUSN quick answers
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?
Pharos does not assess sUSN as safe: it holds a D Safety Score grade (46/100) in the latest published rating, which flags significant structural risk. Static metadata says Staked USN uses a CeFi-Dependent governance model and Real-World Asset Backed backing, with Real-Time PoR from Accountable; 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 sUSN?
Pharos classifies sUSN backing as Real-World Asset Backed. Collateral, per the static profile: USN deposited into Noon's staking wrapper; backing inherits Noon's Accountable-disclosed private credit, CLO, DeFi lending, principal-token, and Treasury-bill reserve mix Reserve evidence: Real-Time PoR from Accountable.
Can sUSN 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 sUSN, when applicable, appear in the dossier below.
