USYC
  • Overview
    • Introduction
    • Investor Onboarding
    • Subscription & Redemption
    • Product Structuring
    • Token Price
    • Fees
    • Smart Contracts
    • Service Providers
  • Integration Guides
    • Web2 API
    • Typescript
    • Etherscan
    • Solidity
  • External
    • Hashnote USYC Portal
    • Marketing Website
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  • Web3 Smart Contract Method
  • Subscription
  • Redemption
  • Traditional Method
  • Subscription
  • Redemption
  • Private Liquidity Teller
  1. Overview

Subscription & Redemption

USYC can be obtained by onboarded investors through the Web3 smart contract method or the traditional method. For investing eligibility, see Investor Onboarding.

Web3 Smart Contract Method

Minting is available 24/7. Burning is available whenever contract amounts permit. 
 Hashnote refills PYUSD teller at least once per business day to maintain instant redemption availability.

Subscription

  1. Go to the USYC Portal (usyc.hashnote.com)

  2. Connect your wallet to the Smart Contract Teller

  3. On the “Fund” tab, select the appropriate stablecoin (PYUSD or USDC) you wish to use for minting USYC and enter a deposit amount

  4. Enter the amount of USYC you wish to mint

  5. Click “Add Funds” to instantly deposit stablecoin and mint USYC into your designated whitelisted wallet at the price shown

Redemption

  1. Go to the USYC Portal (usyc.hashnote.com)

  2. Connect your wallet to the Smart Contract Teller

  3. On the “Redeem” tab, select the stablecoin you wish to receive (PYUSD or USDC)

  4. Enter the amount of USYC you wish to redeem

  5. Click “Redeem Funds” to burn USYC at the price shown and receive the selected stablecoin in your wallet

Traditional Method

Subscription and Redemption are available on US Business Days.
 Redemptions made before 2:00 pm ET are processed by 5:00 pm ET the same day. 
Redemptions made after 2:00 pm ET are processed by 11:00 am ET the next day.

Subscription

  1. Send stablecoin (PYUSD, USDC, or USDT) to Hashnote Short Duration Yield Fund (SDYF) wallet

  2. Notify a Hashnote representative

  3. Receive minted USYC in your designated whitelisted wallet

Redemption

  1. Send USYC to Hashnote SDYF wallet or burn USYC directly on-chain

  2. Notify a Hashnote representative

  3. Receive stablecoin or fiat

Private Liquidity Teller

Hashnote offers a “Private Liquidity Teller” (PLT) for special use cases.

PLTs allow the client to have up to 100% instant liquidity into PYUSD at all times. 
This can be configured to have 100% liquidity 24/7 or be filled for liquidity at certain times (i.e. over weekends) or as agreed upon with Hashnote.

Additional fees apply for this service.

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Last updated 8 months ago