Profile
USP profile facts
PikuDAO USP (USP) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar-denominated NAV.
- Collateral
- Diversified basket of off-chain and on-chain yield strategies: BMMF Turkey FX arbitrage (delta-neutral), DeFi protocol allocations (Ethena, Aave, Cap, Giza, Almanak, USD.AI), and cash stablecoins (USDC/USDT) as a buffer; allocation governed by PikuDAO
- Peg mechanism
- NAV-appreciating: starts at $1.00 backing; 90% of strategy yield flows back into backing pool, increasing token value over time; redemptions processed via FIFO smart-contract queue (0.2% fee, settled within 24 hours) with KYC/KYB required for minting and redeeming
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Ethereum.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
USP quick answers
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What is PikuDAO USP (USP)?
USP is PikuDAO's NAV-appreciating yield-fund token backed by Turkey-FX delta-neutral arbitrage, DeFi allocations, and a stablecoin buffer, KYC-gated. The static profile records its US Dollar-denominated NAV accounting mechanism as: NAV-appreciating: starts at $1.00 backing; 90% of strategy yield flows back into backing pool, increasing token value over time; redemptions processed via FIFO smart-contract queue (0.2% fee, settled within 24 hours) with KYC/KYB required for minting and redeeming.
Is USP safe?
As of Oct 24, 2026, Pharos grades USP D (45/100) 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 low-band grade, which flags significant structural risk. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs USP?
Pharos records USP's reserves as of Aug 8, 2026 as 100% Piku reserve-strategy envelope. Reserve evidence: curated reserve profile. Pharos classifies the backing as Crypto-Collateralized.
Can USP be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem USP?
Under the route Pharos reviewed on Mar 23, 2026, whitelisted primary-market participants can redeem USP for USDC. Settlement takes multiple days. The reviewed redemption fee is 0.2%. Whether a given holder qualifies is set by the route's own terms, not by this summary.
