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
Go to the USYC Portal (usyc.hashnote.com)
Connect your wallet to the Smart Contract Teller
On the “Fund” tab, select the appropriate stablecoin (PYUSD or USDC) you wish to use for minting USYC and enter a deposit amount
Enter the amount of USYC you wish to mint
Click “Add Funds” to instantly deposit stablecoin and mint USYC into your designated whitelisted wallet at the price shown
Redemption
Go to the USYC Portal (usyc.hashnote.com)
Connect your wallet to the Smart Contract Teller
On the “Redeem” tab, select the stablecoin you wish to receive (PYUSD or USDC)
Enter the amount of USYC you wish to redeem
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
Send stablecoin (PYUSD, USDC, or USDT) to Hashnote Short Duration Yield Fund (SDYF) wallet
Notify a Hashnote representative
Receive minted USYC in your designated whitelisted wallet
Redemption
Send USYC to Hashnote SDYF wallet or burn USYC directly on-chain
Notify a Hashnote representative
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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