Setora Project Introduction, Team, Financing and News_RootData

Performances

Comparison

Event Calendar

Nov 12, 2024

Details

Setora is a synthetic dollar protocol on Solana that issues the stablecoin USS and the yield-enhanced version eUSS. Its core mechanism employs a delta-neutral strategy: user-deposited USDC is swapped into SOL and staked to obtain JitoSOL, while an equivalent amount of SOL is shorted via perpetual contracts to hedge price fluctuations, thereby maintaining a 1:1 peg without relying on traditional banks or overcollateralization. The protocol automatically manages positions through smart contracts and sets an internal 67% margin requirement to avoid liquidation.

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Ecosystem(1):

Founded:

2024