IUSD, issued by the InfiniFi Protocol smart contracts under the governance of protocol tokenholders, is a fiat-referenced stablecoin that records a claim referencing the U.S. dollar (USD) for holders who acquire it onchain.

Holders receive a token referencing the U.S. dollar (USD) at a one-to-one ratio, where one IUSD references one USD. The economic exposure derives from a fractional reserve model in which deposited assets are deployed into decentralized finance lending protocols, and any yield arising from those lending positions accrues within the protocol structure rather than as a direct distribution to the holder.

IUSD is not issued by a single corporate entity; it is issued by the InfiniFi Protocol smart contracts under the governance of protocol tokenholders. Holders acquire a token referencing the U.S. dollar (USD) at a one-to-one ratio, with the backing held under a fractional reserve model whose deposits are deployed into decentralized finance lending protocols. The protocol operates onchain through autonomous smart contract logic, and mint and redemption of IUSD are processed through the protocol's onchain functions according to the parameters those contracts enforce.

IUSD is issued onchain as a fungible token transferable on supported public networks. Mint and redemption are processed through the protocol's smart contracts, which record holder balances and reference the U.S. dollar (USD) at a one-to-one ratio, with settlement occurring onchain as transactions confirm on the supporting network.

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# Asset off peg methodology

## 1. Overview

The asset off peg metric is defined as the percentage deviation of a tokenized asset's daily closing market price from its designated reference (pegged) asset price. This metric is utilized to assess the stability and peg-keeping performance of stablecoins, wrapped assets, and other pegged tokens. The deviation is calculated relative to the reference price, representing either a premium or a discount in the market. Daily tracking of this metric is performed to enable the monitoring of peg stability and the identification of potential de-pegging events across various asset classes.

## 2. Data sources

- **EVM chain events**: `AnswerUpdated` events from Chainlink aggregator contracts, covering EVM-compatible chains (Ethereum, Polygon, and others)
- **Asset metadata**: Reference asset configurations and token mappings
- **External data**: End-of-day price feeds for tokenized assets

## 3. Step-by-step calculation

### Component A: Retrieve asset prices and reference mappings

- **Purpose**: Identify the daily closing price of each asset and map it to its designated reference currency
- **Logic**: Daily closing prices for each asset are retrieved from end-of-day price feeds. Each asset is mapped to its designated reference currency (such as the U.S. Dollar, Euro, or British Pound) using asset metadata. For assets pegged to the U.S. Dollar, a fixed reference rate of 1.0 is assigned. For assets pegged to other fiat currencies, the corresponding Chainlink FX feed is identified.
- **Key fields**: `asset_price` (daily closing price of the asset), `reference_asset` (the target peg currency), `fx_feed_name` (the identifier for the Chainlink FX feed)

### Component B: Resolve daily reference prices

- **Purpose**: Determine the daily USD value of the reference peg currency
- **Logic**: Daily FX rates are extracted from Chainlink oracle price feeds on EVM-compatible chains. To account for days without oracle updates, the last recorded rate for each FX feed is carried forward to construct a continuous daily time series. The daily reference price is then established by matching the asset's mapped FX feed or fixed rate with the corresponding daily rate.
- **Key fields**: `price` (the FX rate from the oracle feed), `timestamp` (the date of the rate), `reference_price` (the resolved daily reference price in USD)

### Component C: Calculate peg deviation

- **Purpose**: Compute the final percentage deviation of the asset price from its reference price
- **Logic**: The daily asset price and the resolved daily reference price are aligned by timestamp and asset identifier. The percentage deviation is calculated by subtracting the reference price from the asset price, and dividing the result by the reference price. Days where a reference price cannot be resolved are excluded from the final dataset.
- **Key fields**: `asset_off_peg` (the percentage deviation from the peg), `timestamp` (the daily grain timestamp)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

(market_price - reference_price) / reference_price

Percentage deviation of the asset price from its reference peg.

Asset off peg

Stablecoins

InfiniFi operates through smart contracts that automatically execute risk management strategies based on predefined parameters and market conditions. The protocol generates revenue through performance fees and management fees while maintaining decentralized governance through token holders who vote on protocol upgrades and parameter adjustments.

The platform offers automated risk assessment, portfolio rebalancing, and yield optimization services across multiple blockchain networks. InfiniFi enables users to maximize returns while minimizing exposure through sophisticated algorithmic strategies and real-time market analysis integrated directly into DeFi protocols.

InfiniFi is a decentralized finance protocol that provides institutional-grade risk management and portfolio optimization solutions for DeFi participants.

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Real-world asset (RWA) issuers

InfiniFi

InfiniFi USD (IUSD) is a U.S. dollar stablecoin issued by InfiniFi.

Retail investors, professional investors, accredited investors, qualified investors, qualified purchasers, and institutions can mint and redeem directly with InfiniFi in USDC, and holders have a contractual right to redeem at par.

IUSD has been issued on Ethereum as an ERC-20 token since May 2025, with a bridged version on one more network.

InfiniFi USDIUSD