The USDA Token🥩
Last updated
Last updated
$USDA is the interest bearing stablecoin generated by the Amphora Protocol, and is represented by the 🥩 emoji (because the USDA is also the US Department of Agriculture who certifies meat, and that's hilarious!)
When a user deposits $sUSD into the Amphora protocol they receive a $USDA token.
That $USDA token is a fully compliant ERC-20 that can be used in other ecosystems, but it will continue to rebase upward whenever a user gains interest from lending.
This rebasing functions similar to an Aave aToken.