Proposal 35 – Increase Staked Axis USD Allocation in USP Reserve Backing Distribution
Summary
This proposal seeks to increase the allocation of Staked Axis USD (sUSDx) within the USP backing framework from 12% to 25%. The adjustment reflects the strong recent performance of Staked Axis USD and aims to expand USP’s exposure to a high-performing, yield-generating stablecoin strategy while maintaining a diversified collateral structure.
Rationale
Staked USDx has demonstrated strong yield performance over the past two weeks, highlighting its effectiveness as a productive and capital-efficient backing asset. Increasing the allocation from 12% to 25% allows USP to scale exposure to a strategy that has recently delivered attractive risk-adjusted returns while maintaining a stable-value profile.
As the staked version of Axis USD, sUSDx provides access to diversified, non-directional yield generation, supporting USP’s objective of building a resilient and yield-efficient backing framework. Expanding the allocation also improves the protocol’s flexibility to benefit from favorable market conditions and strengthens diversification across yield sources and stablecoin infrastructures.
In parallel, this proposal also increases the maximum allowance for Staked Axis USD from 20% to 30%, providing additional flexibility for future capital allocation decisions if market conditions and strategy performance remain favorable. This adjustment does not mandate immediate full utilization but enables the DAO to dynamically manage exposure within a broader risk-controlled range.
Overall, this proposal reflects a balanced approach between performance optimization and risk-aware treasury management, reinforcing USP’s ability to generate sustainable returns while preserving backing stability.
USP Reserve Backing Max Allowance Update
| RATE | CRYPTO | TYPE | Details |
|---|---|---|---|
| 30% | Staked Axis USD | On Chain | https://www.axis.to/ |
USP Reserve Backing Distribution Pre Proposal:
| RATE | CRYPTO | TYPE | Details |
|---|---|---|---|
| 70% | BMMF Turkey Stablecoin FX Arbitrage Strategy | On Chain | https://www.balsafinance.com/ |
| 12% | Staked USDx | On Chain | https://www.axis.to/ |
| 7% | USD AI sUSDai | On Chain | https://usd.ai/ |
| 5% | Upshift earnAUSD | On Chain | https://app.upshift.finance/pools/143/0x36eDbF0C834591BFdfCaC0Ef9605528c75c406aA |
| 2% | Midas mF-ONE | On Chain | https://midas.app/mfone |
| 1.5% | Staked NUSD (sNUSD) | On Chain | https://www.neutrl.finance/ |
| 1.5% | Midas mHYPER | On Chain | https://midas.app/mhyper |
| 0.5% | Yuzu Money syzUSD | On Chain | https://yuzu.money/ |
| 0.5% | USDC | On Chain | https://www.usdc.com |
USP Reserve Backing Distribution Post Proposal:
| RATE | CRYPTO | TYPE | Details |
|---|---|---|---|
| 57% | BMMF Turkey Stablecoin FX Arbitrage Strategy | On Chain | https://www.balsafinance.com/ |
| 25% | Staked USDx | On Chain | https://www.axis.to/ |
| 7% | USD AI sUSDai | On Chain | https://usd.ai/ |
| 5% | Upshift earnAUSD | On Chain | https://app.upshift.finance/pools/143/0x36eDbF0C834591BFdfCaC0Ef9605528c75c406aA |
| 2% | Midas mF-ONE | On Chain | https://midas.app/mfone |
| 1.5% | Staked NUSD (sNUSD) | On Chain | https://www.neutrl.finance/ |
| 1.5% | Midas mHYPER | On Chain | https://midas.app/mhyper |
| 0.5% | Yuzu Money syzUSD | On Chain | https://yuzu.money/ |
| 0.5% | USDC | On Chain | https://www.usdc.com |
Off-Chain Vote
For
10.83M sPIKU100%
Against
0 sPIKU0%
Abstain
0 sPIKU0%
Timeline
May 12, 2026Proposal created
May 12, 2026Proposal vote started
May 13, 2026Proposal updated