Staked syUSD (syUSDS)

syUSD Staked (syUSDS)

syUSDS is the liquid, yield-bearing version of Synnax USD (syUSD). It is minted when users deposit syUSD into the staking contract on the Synnax protocol.

This staking mechanism follows the ERC-4626 vault standard, which ensures composability, compatibility, and accurate accounting of yield accrual. Under the hood, staked syUSD (collateral) is allocated to protocol-managed DeFi strategies. These may include market-neutral trading, spread capture, and other forms of capital-efficient yield generation

syUSDS is fully liquid and transferable, meaning users can utilize it across DeFi while still earning staking rewards. Unlike traditional farming models, the yield is not paid out separately. Instead, it’s continuously accrued into the value of syUSDS, reflected through an increasing exchange rate vs. syUSD.

How Yield Works

When you stake 100 syUSD, you receive 100 syUSDS. Over time, as yield is generated, the value of 1 syUSDS increases relative to syUSD (e.g., 1 syUSDS = 1.05 syUSD). To realize this yield, you simply unstake syUSDS, and receive back more syUSD than you originally deposited.

Unstaking Options

• Standard Unstake: Withdraw syUSDS back to syUSD with a 7-day cooldown, designed for system stability.

• Instant Exit: Swap syUSDS in supported liquidity pools to exit immediately, at current market rates.

Composability

As an ERC-4626 token, syUSDS can be integrated across DeFi protocols with minimal effort. It can be used as collateral, in liquidity pools, in structured products, or anywhere standard ERC-20s can be used — while still accruing yield.