Cerby Stable Coin (cerUSD) is a cross-chain algorithmic stablecoin pegged to one USDC backed by CERBY token pools and bridgeable to five blockchains: Ethereum, Binance Smart Chain, Polygon, Avalanche, and Fantom.
Through a series of automatic buys/sells, the auto-balancer ensures that cerUSD remains pegged to 1 USDC (+/- 0.5%).
cerUSD can be easily bridged via CerbyBridge to all Cerby Finance ecosystem-supported blockchains (Ethereum, Binance Smart Chain, Polygon, Avalanche, and Fantom).
cerUSD is paired with CERBY on the primary DEXs for each supported blockchain (e.g., Uniswap on Ethereum). To purchase cerUSD, you must first buy CERBY tokens and then swap for cerUSD. The CERBY token pool backing cerUSD will never be drained because you cannot sell more cerUSD than you have purchased.
Since cerUSD is a CERBY-based token, it inherits bot protection from front-running and other quick-profit trade bots.
cerUSD can be staked on CerbyStaking for an APR of 5-10%, depending on stake duration and staked amount.