Vault Mechanics
Staking deposits USDai into the vault and mints sUSDai shares at the current conversion rate. As the vault’s net asset value changes, each share can represent a different amount of USDai.
Yield Generation
Yield can reflect interest from performing GPU-backed loans and returns on eligible reserve assets. The resulting value accrues through the share price rather than changing the number of tokens held.
Redemption Timing
Because underlying loans can be illiquid, redemptions may use an asynchronous queue or fixed processing windows. Available liquidity, asset utilization and loan repayments affect timing.
Risk Profile
sUSDai is a yield-bearing credit instrument, not a stablecoin. Its value and redemption profile depend on protocol assets, borrower performance, reserves, fees and liquidity.