Staked msUSDSMSUSD
SMSUSD, issued by Main St Finance Ltd, is a tokenized yield-strategy vault token that accrues real-world, U.S. dollar (USD) denominated yield from the staking of msUSD, the issuer's rebasing synthetic dollar, through onchain options-funding strategies. Holders gain economic exposure to msY, a yield strategy that turns CME-style index box spreads into market-neutral, USD-denominated yield and taps deep options liquidity and efficient leverage. The box spreads have effectively no delta or gamma, so day-to-day moves in the underlying have minimal impact on profit and loss. Value accrues to the token rather than being distributed. The app throttles new inflows when additional size would materially compress yields. The platform is operated by Main St Finance Ltd, which characterizes msUSD as a synthetic, rebasing stablecoin rather than a deposit or fund interest, with the staked token structured as an ERC-4626 vault share. The Terms of Use are governed by the laws of the jurisdiction in which Main St Finance Ltd is incorporated. Users must confirm they are at least 18 years of age. Minting is permissionless, and a directRedeem and withdraw path supports conversion back. The issuer disclaims liability for losses, which may be permanent and irreversible. The token follows the ERC-4626 tokenized vault standard with ERC-20 transfer behavior and is deployed on Ethereum mainnet, where a public msY/USDC lending market is linked from the app. Minting and redemption execute through smart contracts. Collateral status is published through a live, cryptographically signed Proof of Reserves dashboard hosted by a third-party verifier.