Proposal 32 – Add Staked Axis USD to USP Backing and USP Max Allowance
Summary
This proposal seeks to include Staked Axis USD, the yield-bearing version of Axis USD (USDx), as an eligible asset within USP backing with an allocation of 12%. Staked Axis USD (sUSDx) represents a productive stablecoin position that accrues yield through Axis’s underlying strategy framework, enabling USP to expand its yield-generating collateral base while maintaining stability.
Rationale
Adding Staked Axis USD to USP backing introduces additional diversified, yield-generating exposure through Axis’s stablecoin infrastructure. As the staked version of USDx, sUSDx enables participation in structured, non-directional yield strategies, allowing USP to enhance capital efficiency without compromising its stable-value backing profile.
This integration supports diversification across both protocols and yield sources, reducing concentration risk and improving the resilience of the backing structure.
Allocating 12% to Staked Axis USD provides meaningful exposure while maintaining a balanced and risk-aware distribution across backing assets. Overall, this addition strengthens USP’s ability to deliver sustainable, diversified yield while preserving stability and flexibility in its collateral framework.
USP Reserve Backing Max Allowance Additions
| RATE | CRYPTO | TYPE | Details |
|---|---|---|---|
| 20% | Axis USD (USDx) | On Chain | https://www.axis.to/ |
| 20% | Staked Axis USD (sUSDx) | On Chain | https://www.axis.to/ |
USP Reserve Backing Distribution Table Addition
| RATE | CRYPTO | TYPE | Details |
|---|---|---|---|
| 12% | Staked Axis USD (sUSDx) | On Chain | https://www.axis.to/ |
Pre Proposal:
| RATE | CRYPTO | TYPE | Details |
|---|---|---|---|
| 75% | BMMF Turkey Stablecoin FX Arbitrage Strategy | On Chain | https://www.balsafinance.com/ |
| 10% | USD AI sUSDai | On Chain | https://usd.ai/ |
| 5% | Upshift earnAUSD | On Chain | https://app.upshift.finance/pools/143/0x36eDbF0C834591BFdfCaC0Ef9605528c75c406aA |
| 2.5% | Yuzu Money syzUSD | On Chain | https://yuzu.money/ |
| 2.5% | Midas mF-ONE | On Chain | https://midas.app/mfone |
| 2.5% | Staked NUSD (sNUSD) | On Chain | https://www.neutrl.finance/ |
| 2.5% | Midas mHYPER | On Chain | https://midas.app/mhyper |
Post 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 |
Off-Chain Vote
For
1.19M sPIKU100%
Against
0 sPIKU0%
Abstain
0 sPIKU0%
Timeline
Apr 24, 2026Proposal created
Apr 24, 2026Proposal vote started
Apr 25, 2026Proposal updated