1M
Market data provided by Alpha Vantage and CryptoCompare. Not investment advice, for informational purposes only. Historical performance is not an indication of future performance.
As of Jan 27, 2023
USDY
21Shares USD Yield ETP
Net Projected Yield1:
0%
As of Jan 27, 2023
Net Asset Value:
$20.42
Assets Under Management:
$1,123,154
YTD Return:
0%
30 Day Trailing Yield:
0%
1D Change:
0%
Overview
Description
The 21Shares USD Yield ETP provides exposure to USD while using the collateral (USDC) to seek to generate income from the digital asset lending ecosystem via a fully collateralized ETP structure.
Eligible collateral for this product are USD/USDC, Bitcoin, and Ethereum.
Objective
This ETP serves as a simplified vehicle to access the attractive income in the digital asset lending space. The lending agreements with borrowers are executed through institutional grade lending partners. Loans are overcollateralized and monitored daily to protect the interest of shareholders.
Benefits
Securitization
21Shares ETP is accessible like stocks on a major exchange with no special set up needed.
Simplicity
Performance directly linked to USD with potential additional returns from fully collateralized loans.
Collateralization
Underlying crypto assets are used to generate additional income for investors through fully collateralized loans.
Safety
Institutional grade security and custody solution using a variety of safety measures including cold-storage, multiple private keys, whitelisting and audit trails.
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