Deposit USDC/USDT into the protocol
Mint OCUSD at a 1:1 ratio
Stake OCUSD to earn $OCEAN rewards
Unstake anytime, subject to lockups (if any)
Burn OCUSD to redeem USDC/USDT
Redemption subject to protocol liquidity
Strategy failure (e.g. smart contract risk from external protocols)
Depeg or underperformance from integrated assets
Oracle manipulation (mitigated with Pyth + internal oracle)
Last updated 7 months ago