100% redeemable for DAI, USDC, and USDT
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Each 1 oUSD can be exchanged for regular stablecoins if it fits your use case.
All of oUSD in circulation are backed either by users depositing funds into the staking protocol, or by others depositing at the oUSD foundation. Therefore, there are no fees, no lock-ups, and you can redeem or stake anytime you want. Maximum transaction price recorded since January 1, 2020.
OUSD is backed 1:1 by the most trusted collateral in crypto. Reserves are verifiable on-chain. You can redeem OUSD immediately at any time.
Rigorous processes and safeguards have been implemented to protect OUSD.
Changes to the protocol are reviewed by internal and external auditors on an ongoing basis.
This airdrop distributes a self-custodian, yield-generating stablecoin to eligible users as part of a community growth and adoption initiative.
A self-custodian stablecoin lets you retain full control of your funds without relying on third-party custodians or centralized platforms.
The stablecoin generates passive yield by deploying the underlying collateral into decentralized finance (DeFi) protocols, while you still hold the coin in your wallet.
Eligibility is based on predefined criteria such as wallet activity, prior DeFi usage, or snapshot participation. Details are available on the official announcement page.
You can claim the airdrop directly from the official dApp by connecting your wallet and following the claim instructions.
No, this airdrop does not require any KYC. It’s fully on-chain and permissionless.
Yes, the airdrop must be claimed before the closing date listed on the official airdrop page. Unclaimed tokens will be redirected to the community treasury.
Any Ethereum-compatible wallet such as MetaMask, WalletConnect-enabled apps, or hardware wallets like Ledger are supported.
Yes, the stablecoin yield is automatically compounded within the protocol, so you don’t need to manually reinvest.
While the protocol is audited and designed for safety, all DeFi carries some level of smart contract and economic risk. Always do your own research.